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California crypto company accused of illegally inflating Katy Perry NFTs and fraud

Former executives accuse CEO Mitch Liu of fraud, insider trading, and market manipulation involving Katy Perry NFTs and celebrity deals to inflate token prices for personal profit.

Summary by Hastings Tribune
Four years ago, California startup Theta Labs' cryptocurrency was soaring, and its future appeared bright when it landed a partnership with pop star Katy Perry.

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Hastings TribuneHastings Tribune
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California crypto company accused of illegally inflating Katy Perry NFTs and fraud

Four years ago, California startup Theta Labs' cryptocurrency was soaring, and its future appeared bright when it landed a partnership with pop star Katy Perry.

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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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arcamax.com broke the news in on Wednesday, December 24, 2025.
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