Dear valued readers,
We deeply regret to inform you that an erroneous article was published on May 8th by Cointelegraph. The article falsely claimed that Lucas Geiger, a prominent figure in the cryptocurrency industry, had been charged with fraudulent behavior by the United States Securities and Exchange Commission (SEC). Furthermore, it stated that Wireline, a company Geiger was associated with, had been fined $650,000 by the SEC in January 2021.
We would like to clarify that these claims are entirely baseless and inaccurate. Lucas Geiger has never faced any allegations of fraud by the SEC. It is important to note that although Geiger was once a technical co-founder of Wireline, he had severed ties with the company two years prior to the settlement of civil charges with the SEC in 2021. As a result, Geiger played no role in the proceedings and was not involved in any wrongdoing.
The editorial team at Cointelegraph sincerely apologizes to Mr. Geiger for any distress caused by the publication of this false information, both to him and his family. In light of this, we have taken immediate action to remove the article from our website to prevent the dissemination of such erroneous details.
We are actively engaging with all parties involved to rectify this unfortunate situation. Rest assured, we are committed to providing accurate and reliable information to our readers, and we will work diligently to ensure that the correct details regarding this matter are disclosed as soon as possible.
Once again, we extend our deepest apologies to Lucas Geiger and his family for any harm caused by the publication of this false article. Thank you for your understanding and continued support.
Sincerely,
The Editorial Team at Cointelegraph