Founder of Crypto Projects Stox and Sirin Labs is Arrested in Israel
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Nov. 19, 2021
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Moshe Hogeg, founder of prediction marketplace Stox and blockchain smartphone developer Sirin Labs, has been arrested in Israel on fraud charges, Haaretz reports.

According to the news outlet, seven other defendants have also been arrested, including his former and current partners and employees. The Israeli police have announced the arrest of "eight suspects on suspicion of committing fraudulent offenses in the field of cryptocurrencies, amounting to hundreds of millions of shekels."

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Hogeg has been charged with several crimes, including organized deception of investors, theft and money laundering.

Hogeg received in 2020 a demand for $6 million for unpaid bills from Sirin Labs. In the same year, his friends demanded the return of $5.8 million lost from failed investments.

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