Loading...
Market
What legal actions will result from the $WAP token investigation by end of 2025?
2
Resolution / Starting Odds
No legal action • 25%
Civil lawsuits filed • 25%
Criminal charges filed • 25%
Settlements reached • 25%
Court records and legal announcements
Story
UAE Investigates Cardi B's Solana-Based $WAP Token for Pump-and-Dump Scheme
Oct 15, 2024, 04:25 AM
The UAE Securities and Commodities Authority (SCA) has initiated an investigation into the Solana-based token $WAP, promoted by celebrity Cardi B. The investigation follows a complaint by Syed Sameer and involves accusations of securities violations, including market manipulation, fraud, and undisclosed deals. The SCA's probe is examining whether $WAP was involved in a pump-and-dump scheme, with social media influencers and key opinion leaders (KOLs) allegedly paid to artificially boost the token's value. The SCA's complaint has been cited by the U.S. Securities and Exchange Commission (SEC).
View original story
Similar markets
Yes • 50%
No • 50%
No significant action • 25%
Fines imposed • 25%
Operational restrictions • 25%
License revoked • 25%
Full seizure • 25%
Partial seizure • 25%
No seizure • 25%
Case ongoing • 25%
Guilty with penalty • 25%
Guilty without penalty • 25%
Not guilty • 25%
Case dismissed • 25%
Further fines and penalties • 25%
Criminal charges against executives • 25%
No further actions • 25%
Other • 25%
No legal action taken • 25%
Legal action taken against stepfather only • 25%
Legal action taken against Munro only • 25%
Legal action taken against both • 25%
No wrongdoing found • 25%
Minor regulatory violations • 25%
Major fraud confirmed • 25%
Investigation inconclusive • 25%
No legal action • 25%
Class action lawsuit • 25%
Regulatory action • 25%
Both class action and regulatory action • 25%
Settlement reached • 25%
SEC drops case • 25%
Immutable found liable • 25%
Case ongoing • 25%
