Fabrizio Corona’s crypt ends up under investigation, what he risks now

Written by Jason Miller

Fabrizio Corona's crypt ends up under investigation, what he risks now

According to Media Sources, the Milan prosecutor has opened a file on $ Corona, the memecoin launched by Fabrizio Corona at the end of February. At the moment there are no investigated and the hypothesized crimes are not clear. In the days after the launch the crypt had reached a total value of 800,000 dollars, and then collapsed immediately afterwards.

According to journalists Ilaria Carra and Rosario di Raimondo di Repubblica, the Milan prosecutor opened a file To investigate the crown on $, the cryptocurrency launched by Fabrizio Corona in late February. Technically, as we explained, it is a digital token. The history of the crypt can be found on Fanpage.it. The project did not have a peaceful path. First came to a market capitalization that touched the 800,000 dollarsthen collapsed, then Consob intervened to block the sale and in the end Corona stopped talking about it.

The news of theOpening of the fileif he is confirmed, opens a new scenario. According to Repubblica, the investigation is managed by the department that deals with financial crimes. Is followed by the prosecutor Roberta Amadeo. At the moment we are talking about a file without suspects.

What can be hypothesized crimes

Waiting to know more details on the story, for now we can only do hypothesis on disputed crimes. In all this story, the only crime that has been spoken of is that of financial abusivenessthe same on which the measure signed by Consob moves to block the sale of $ Corona. According to rules and taxes, financial abusiveness in criminal office is punished with the imprisonment from six months to four yearsas well as a fine. So said Consob in his press release on March 6:

Corona’s crypt collapses, whoever has invested regrets. Him: “Whoever buys my birthday”

“Consob has ordered the cessation of the abusive crypto-activity offer called” Memecoin $ Corona “, aimed at the Italian public and also promoted through the website www.getcoronameme.com, without having notified Consob the information document (White-Paper) requested by Micar.”

The peak of Fabrizio Corona’s crypt

At the moment the market capitalization of $ Corona is of 62,000 dollars. Well far from its maximums. However, to be recorded a peak occurred on March 12th. Just after the publication of our title article Corona’s crypt collapses, whoever has invested regrets. Him: “Whoever buys my birthday”Memecoin suddenly risen pushed by new purchases. Within a few hours it has gone from a market capitalization around $ 50,000 to a peak of $ 154,000then collapse again.

Coin Market Cup | The trend of the memecoin launched by Fabrizio Corona

Coin Market Cup | The trend of the memecoin launched by Fabrizio Corona

Jason Miller

I'm Jason Miller, and I've been passionate about technology and storytelling for over a decade. As a lead writer at Herald Editorials, I strive to bring clarity and creativity to complex tech topics. When I'm not writing, you'll find me exploring the latest gadgets or hiking in the great outdoors.