Investors accuse Cere Network of $100 million fraud and token-dump scheme in lawsuit

In a significant legal development, a group of investors has formally accused Cere Network of orchestrating a complex fraudulent scheme that involved misappropriating an estimated $100 million, as well as engaging in a token-dumping strategy that allegedly harmed the value of their investments. This lawsuit, which has drawn considerable attention within the cryptocurrency community, outlines a series of actions by Cere Network that the investors claim constitute serious breaches of trust and financial misconduct, raising concerns about the company's practices and the integrity of its operations. source: https://www.coindesk.com/markets/2026/01/29/investors-accuse-cere-network-of-usd100m-fraud-and-token-dump-scheme-in-lawsuit