![Bitwise insists ‘no affiliation’ with startup facing SEC charges](https://i-invdn-com.investing.com/news/Cryptocurrencies_800x533_L_1556444923.jpg)
Crypto index fund supervisor Bitwise Asset Administration has harassed that it has no relationship with the failed know-how startup Bitwise Industries, which is presently dealing with expenses from the US Securities and Change Fee.
On Nov. 9, Irma Olguin Jr. and Jake Soberal, the founders of Bitwise Industries, had been charged with conspiring to commit wire fraud and taking $100 million from numerous buyers regardless of their failing enterprise mannequin. The SEC has alleged that the pair falsified paperwork to deceive buyers and lift funds.
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