Goopal Crypto $100M RICO Suit Targets Cere Network Insiders in Alleged Token Dump
America ı By Rihem Akkouche
0 Comments
Parallel Lawsuits Add Pressure
Tuesday’s filing comes just two weeks after Cerebellum Networks co-founder Ken Wang filed a related lawsuit in Delaware’s Court of Chancery, accusing the same defendants of systematically diverting approximately $58 million in Cere token assets.
Wang’s suit names Jin, his wife Maren Schwarzer, his brother Xin Jin, Cere’s chief marketing officer Martijn Broersma, Lime co-founder Brad Bao, and director Francois Granade — all of whom also appear in Goopal’s complaint.
Wang alleged that $41.78 million in token transfers were secretly lined up immediately following the November 2021 ICO, contradicting repeated public assurances that insider tokens were locked.
A Pattern Alleged Across Ventures
According to Goopal and Liu, Liu met Jin in 2019 and joined Cere after being promised a return on her investment and profits tied to the Cere token.
Throughout her involvement, Jin allegedly misrepresented lock-up provisions, claimed Cere had multiple Fortune 500 clients, and assured her that investor funds would be used to develop the platform.
Instead, the suit claims Jin followed a familiar script.
“Unbeknownst to plaintiffs,” the complaint says, Jin allegedly engaged in a recurring pattern of launching ventures, raising funds under false pretenses, extracting insider value, and abandoning the enterprise.
Plaintiffs say the pattern began with mobile gaming company Funler in 2015, continued with education blockchain platform Bitlearn in 2017, and resurfaced with Cere Network in 2019.
Token Transfers and Price Collapse
On the day of the ICO, Cere tokens were allegedly transferred to HTX Exchange and KuCoin Exchange, then sold through accounts controlled by Jin and his associates through Dec. 31, 2021.
Plaintiffs allege the total proceeds reached $41.78 million, which were then routed through intermediate wallets and laundered.
The Cere token hit an all-time high of 47 cents on launch day. According to the complaint, aggressive insider selling caused the price to plunge from $0.45 to $0.06 within weeks.
Today, the token trades at roughly $0.0012, representing a 99.7% collapse from its peak.
“In other words,” the suit states, “the Cere Token is utterly worthless.”
Tokens Promised, Never Delivered
After the ICO, Liu says she repeatedly requested the tokens she was promised, but never received them. To date, neither Liu nor Goopal has obtained their Cere tokens, the complaint alleges.
As a result, plaintiffs argue they were prevented from selling at market prices when the token was near its peak.
Liu is seeking $9.4 million for the value of 20 million tokens she was owed at the time of the ICO, while Goopal is seeking $15.66 million tied to 33.3 million tokens.
Discussion
No comments yet. Be the first to join the discussion!
FOLLOW US
Recent Posts
At least 1 dead, 10 injured in Texas shooting; suspect…
Tren The Aragua Reportedly Killed: Kinetic Diplomacy and the Death…
The Single Developer Revolution: How AI Models Are Disrupting Traditional…
‘Manipulated’ Tyra Banks Sues Netflix
US Crushes Paraguay 4-1 in Opener
U.S. Forces Anthropic Shutdown
Behind The Walls A Public Figure Confronts Private Reality
Don’t Miss It
The Reckoning Of An Industry Icon As Taylor Swift Claims Her Throne In The Songwriters Hall Of Fame
By – Tyler BrooksBill Ritter Steps Down from ABC7 Eyewitness News Anchor Chair Following Alzheimer Diagnosis
By – Tyler BrooksFederal Ruling Shifts Legal Landscape in High Profile Hollywood Dispute Between Blake Lively and Justin Baldoni
By – Tyler BrooksElon Musk Triggers The Two Trillion Dollar Reckoning As SpaceX Market Entry Shakes The Foundation Of Global Finance
By – Tyler BrooksShrinking Global Pipeline Threatens Financial Stability and Academic Diversity at American Law Schools
By – Tyler BrooksPentagon Declassifies Intelligence Files Detailing Sustained Unidentified Anomalous Phenomena Sightings Across the Northeast United States
By – Tyler BrooksCommerce Department Order Forces Anthropic to Suspend Advanced AI Models Amid National Security Concerns
By – Tyler BrooksNew York Knicks End 53-Year Championship Drought as Fans Erupt in Historic NBA Finals Celebration
By – Jackie Allen
Kelly Warner Law Firm Blames USA…
5/17/17 Based on the information released in The Washington Post article…
By – USA Herald
Aaron Kelly Law Firm Resorts To…
Professor Volokh thereafter filed a bar complaint against Dan Warner…
By – Jeff Watterson
Arizona Bar Opens Investigation on Attorney…
USA Herald recently reported on a developing story involving Attorneys…
By – Paul O'Neal
Paramount and Warner Brothers Merger Approved…
Critics fear ownership changes could alter editorial priorities at CNN.…
By – Jackie Allen
David Geffen Reunites With Ex-Husband Aboard…
The legal battle quickly escalated. Michaels filed a lawsuit alleging…
By – Jackie Allen
Me Too Fallout Deepens as French…
Me Too Allegations and Recent Reports The investigation follows a…
By – Jackie Allen
Iran Agreed to US Demands: Trump…
After Iran Agreed to US Israel Seeks Additional Guarantees Trump…
By – Jackie Allen
Steven Spielberg’s Long-Awaited Alien Thriller ‘Disclosure…
Steven Spielberg, one of the greatest living filmmakers and a…
By – Rachel Moore
Massive Blaze Engulfs Major Medical Supply…
A raging inferno erupted Thursday afternoon at a large medical…
By – Rachel Moore
Massive Blaze Engulfs Major Medical Supply…
A raging inferno erupted Thursday afternoon at a large medical…
By – Rachel Moore
Mysterious “8647” Giant Etching Appears on…
U.S. federal authorities are scrambling to investigate a bizarre and…
By – Rachel Moore
Chicago Bracing for Round Two: Moderate…
Just as Chicago-area residents were beginning to clean up debris…
By – Rihem Akkouche
Minnesota Assassin Spares Himself the Death…
Vance Boelter, the man accused of carrying out a brutal…
By – Rihem Akkouche
Judge Drops Bombshell Warning to Trump…
A federal judge on Wednesday refused to immediately block the…
By – Rihem Akkouche
Trump Suddenly Cancels Strikes on Iran,…
In a stunning late-day reversal, President Donald Trump announced Thursday…
By – Rihem AkkoucheME Too Growing Pressure on French Institutions The case arrives…
By – Jackie Allen
Fatal Accident in Tulsa: Oklahoma Father…
Despite the severity of the accident, prosecutors said Binney left…
By – Jackie Allen
“You’re Killing Me” Brings Brooke Shields…
You’re Killing Me: Learn More For more information about the…
By – Jackie Allen
Karmelo Anthony Sentenced to 35 Years…
“Touch me and see what happens.” When Austin allegedly attempted…
By – Jackie Allen
Trust Fund Battle Emerges in Rob…
Nick is now reportedly represented by the county Public Defender’s…
By – Jackie Allen
OpenAI Moves Toward Historic IPO as…
Microsoft Partnership Fueled Growth A key factor in OpenAI’s rapid…
By – Jackie Allen
OpenAI Moves Toward Historic IPO as…
Microsoft Partnership Fueled Growth A key factor in OpenAI’s rapid…
By – Jackie Allen
New York Knicks NBA Finals Game…
The two have maintained a friendship throughout Trump’s business and…
By – Jackie Allen
Cockroach Kingpin Busted: More Than 100,000…
Lesser warned that disease transmission could affect crickets and other…
By – Jackie Allen
Skywatchers Events June 2026
Additional resources can be found through the National Aeronautics and…
By – Jackie Allen
Sky Tonight App Highlights June 2026’s…
More information is available through the official Sky Tonight website…
By – Jackie Allen
Domestic Violence Deaths Remain High as…
Only the children’s grandmother survived. Dodgen-Magee believes that communities, faith…
By – Jackie Allen
Higher Education System Failure As Elite…
The numbers are officially in and they represent a catastrophic…
By – Tyler Brooks
Elon Musk Executes Radical Strategy To…
The Collision Of Innovation And Tradition The conflict is clear.…
By – Tyler Brooks
The Reckoning Of Government Secrets As…
A violent storm is gathering in the halls of Washington.…
By – Tyler Brooks
The Wall Street: How An Outsider…
The Institutional Shift Toward Meritocracy Patrick Curtis, the architect behind…
By – Tyler Brooks
The Streaming War: Paramount Unleashes Legal…
Paramount Declares All-Out War Against Netflix Over Alleged Scorched Earth…
By – Tyler Brooks
The Bombshell War: Three Infiltrators Detonate…
The Fijian villa will never be the same. In one…
By – Tyler Brooks
Nichelle Nichols’ Final Mission Ends in…
By Samuel López | USA Herald The woman who helped…
By – Samuel Lopez
Cannabis Giants Hit with Sweeping Class…
YOU MAY BE ENTITLED TO COMPENSATION Weitz & Luxenberg is…
By – Samuel Lopez
New Pill Doubles Survival for Pancreatic…
Federal Agencies Rush Public Patient Access The dramatic clinical success…
By – Tyler Brooks
FDA warns public as cookie firm…
“The FDA is issuing this alert to ensure customers are…
By – Tyler Brooks
Trump orders CDC to slash childhood…
Pediatricians Defy New Rules as Legal Battle Escalates The administration’s…
By – Tyler Brooks
USDA warns Americans over Salmonella in…
Federal Inspectors Order Kitchen Cleanout Federal safety teams are urging…
By – Tyler Brooks
Mexico vs South Africa World Cup…
The 2026 FIFA World Cup is officially underway, but the…
By – Rihem Akkouche
FIFA World Cup 2026: Gianni Infantino…
Corporate Profits Versus The Soul of the Game At the…
By – Tyler Brooks
The Halfway House Showdown: Convicted Serial…
By – Tyler Brooks
Chinese Company Blocked from Claiming Olympic…
The case also reflects broader concerns about consumer protection in…
By – Samuel Lopez
Lawsuit Aims to Knock Out Trump’s…
That defense, however, may become one of the most closely…
By – Samuel Lopez
2026 Stanley Cup Final Game 2:…
2026 Stanley Cup Final Game 2: A Thrilling Comeback The…
By – Tyler BrooksNo posts found.
No posts found.
