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07/04 16:55

Phoenix FIRE Exit Scam: $800M Crypto Project Faces

Phoenix FIRE Exit Scam: $800M Crypto Project Faces Investor Fury as CEO Seeks Dismissal

As Daniel Ianello seeks refuge in jurisdictional technicalities, thousands of investors find themselves chasing not just vanished millions, but legal clarity in a system still struggling to define where responsibility truly lies.

Daniel Ianello, the man accused of orchestrating a multimillion-dollar exit scam involving the crypto project Phoenix Community Capital, has filed a motion to dismiss the lawsuit brought against him in a Tennessee federal court.

Investors allege that Ianello took control of the project in October 2022 and executed an abrupt exit, shutting down key infrastructure and transferring large sums of investor funds.


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