Kishu Inu Founder Indicted on Three Federal Wire Fraud Counts

Alexander Sisemore, a Kishu Inu founder, faces three federal wire-fraud charges after prosecutors accused him of hiding token allocations while marketing the project as a fair launch.

Prosecutors say wallets tied to Sisemore received roughly 6% of Kishu Inu’s supply before public sales. Another roughly 6% was allegedly allocated to wallets controlled by a second founder identified as Individual A.

Prosecutors say public statements portrayed the project as having no team tokens and the founders as holding 1.7% of the supply. Sisemore allegedly earned more than $9 million through token sales, including a transaction involving about 4.74 trillion Kishu Inu tokens exchanged for 39,308 USDT on Oct. 27, 2021.

Kishu Inu launched on Ethereum in April 2021 and later exceeded a $1.6 billion market capitalization, with about 283,000 holders. The FBI’s Chicago Division has sought information from potential investors, saying they may have been victims and that a possible backdoor may have enabled additional token creation.

Sisemore’s attorney, Nishay Sanan, said his client looked forward to “fighting the case in court.” The charges are allegations, and Sisemore is presumed innocent unless proven guilty.