Texas Man Accused of Masterminding $12.3 Million Crypto Fraud
- Massive Fraud Amount: Nathan Fuller, a Texas resident, is accused of orchestrating a $12.3 million crypto investment fraud through Privvy Investments, misleading nearly 150 investors, which highlights a severe breach of trust towards investors.
- False Profit Promises: Fuller promised investors returns of 40% to 50% within a month, with some guaranteed over 100% profit in just weeks, claims that the SEC has labeled entirely misleading, severely harming investor interests.
- Misappropriation of Funds: Of the $12.3 million collected, approximately $6.2 million was used for Fuller's personal expenses, while another $5.5 million was paid to early investors, perpetuating a Ponzi-like scheme that exacerbated investor losses.
- SEC's Enhanced Oversight: The SEC is pursuing multiple actions against Fuller, including prohibitions, disgorgement, and fines, reflecting its rigorous crackdown on fraud in the crypto market and indicating an increasing regulatory intensity in emerging digital markets.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0147 | 0.019 | 0.0233 | 0.0276 | 0.0319 | 0.0362 | 0.0405 |
| Fibonacci | 0.019 | 0.0223 | 0.0243 | 0.0276 | 0.0309 | 0.0329 | 0.0362 |
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