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Phoenix FIRE Investors Allege Exit Scam; Owner Moves to Dismiss Case

Summary by Cointelegraph
Accused of conducting an exit scam involving The Phoenix, Daniel Ianello is seeking to have the lawsuit against him thrown out by a Tennessee court.
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Phoenix owner FIRE accused of fraud; asks to dismiss lawsuit The world of cryptocurrencies is back in the eye of the hurricane. Phoenix owner FIRE, Daniel Ianello, faces a lawsuit for suspected fraud by investors. Faced with these accusations, Ianello has requested to dismiss the lawsuit, seeking to avoid a complicated judicial process that could further affect his company’s reputation. Read more about the news here. Phoenix FIRE investors accus…

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Cointelegraph broke the news in on Friday, July 4, 2025.
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