🚨 Former CEO of Bitwise Industries Accused by SEC of Fraud! 🚨

The US SEC accused two former CEOs of Bitwise Industries, Jake Soberal and Irma Olguin, of committing fraud and collecting funds from unsuspecting investors. 😱

What happened? 🤔

- Soberal & Olguin allegedly created fake audit reports and bank accounts to attract investors.

- They managed to raise around $70 million from investors.

- Both agreed to settle the charges imposed.

⚠️ Don't get me wrong! Bitwise Industries is NOT associated with Bitwise Asset Management, the largest crypto index manager in the US. Bitwise Asset Management is awaiting approval from the SEC for its Bitcoin ETF application.

What do you think about this case? 🤨 Come on, discuss it in the comments column! 👇