NFT startup founder charged with misusing funds from $10 million fundraising
Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses.
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Summary
- U.S. prosecutors charged Few and Far founder Taj Tarsha with securities and wire fraud tied to a $10 million fundraising.
- The authorities say investor funds meant to build an NFT marketplace were diverted to gambling, crypto trades and personal expenses.
- An internal audit uncovered the alleged misconduct in June 2023. The FAR token debuted in May 2024 but soon became effectively worthless and stopped trading, prosecutors said.
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Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
