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Kishu Inu founder charged with wire fraud for hiding tokens and profiting $9.8M from investors.

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Kishu Inu founder charged with wire fraud for hiding tokens and profiting $9.8M from investors.

Alexander Sisemore, founder of Kishu Inu, faces three federal wire-fraud charges for allegedly concealing 6% of the token supply in wallets before public sales, contrary to claims of only 1.7% holdings. Prosecutors say this deception helped drive demand while Sisemore and associates sold the hidden tokens for at least $9.8 million. The Kishu Inu project, launched in April 2021, reached a market cap over $1.6 billion with about 283,000 holders. Sisemore denies wrongdoing and plans to fight the charges; he is expected to surrender and appear in court soon.

Kishu Inu founder Alexander Sisemore faces fraud charges related to $9.8 million in token sales. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Oct 08, 2026 14:51 WIB: out of 50 major cryptocurrencies, 13 rose and 36 fell. Notable movers include XTZ at Rp5.413 with a 3.87% decline and 96% buy order activity, BCH at Rp5.298.170 with a 3.65% decline and 94% sell order activity, and THETA at Rp3.829 with a 3.62% decline and 100% buy order activity.

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