Crypto investors burnt again by Israeli entrepreneur Moshe Hogeg
Alleged cryptocurrency scammer Moshe Hogeg has successfully run another project into the ground, raising more investor concerns that they’ve been defrauded, as he awaits a monumental decision that could send him to prison. Hogeg co-founded cryptocurrency Tomi in 2023, with a supposed vision to “increase digital freedom and build a more democratic and decentralized internet.” Launched at $1.15 in January of that year, the token surged to an all-time high of $6.59 by June. However, at press time, $TOMI trades for just $0.05 , its market cap having shrunk from $350 million at peak to just $26.8 million. This downward spiral has seriously peeved investors, who at best accuse Tomi of failing to provide customer safeguards and at worse feel that they’re being taken for a ride. Tomi launched at $1.15 in January 2023 and soon surged to an all-time high of $6.59. While bitcoin and ether prices are pumping, $TOMI has stayed the same — a huge red flag that the f...