According to Cointelegraph, Daniel Ianello, accused of orchestrating an exit scam involving the crypto project The Phoenix, has filed a motion to dismiss a lawsuit against him in a Tennessee federal court. The complaint alleges that Ianello took control of Phoenix Community Capital in October 2022 and executed actions resembling an exit scam. After assuming control, he reportedly shut down the project's smart contracts and moved substantial investor funds. Plaintiffs claim he deleted posts on Discord, removed earlier versions of the Phoenix website, and announced that the smart contracts would not be restored
source: https://www.binance.com/en/square/post/26488744560866?utm_source=BinanceNewsRSS