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The co-founder and board of crypto infrastructure platform Cere Network have been hit with a $100 million lawsuit claiming they undertook a pump-and-dump scheme that stole millions of dollars from investors.
In a lawsuit filed in a San Francisco federal court on Tuesday, Vivian Liu, who said she worked for and invested in the company, claimed Cere co-founder Fred Jin, his brother, his wife, and the company’s board stole $41 million from investors.
According to the lawsuit, Jin promised ahead of a public…
