Two federal RICO lawsuits filed in the Northern District of California seek a combined $157 million, alleging Cere CEO Fred Jin hired market‑maker Gotbit to wash‑trade CERE at launch while insiders sold about $41.78 million of tokens. Plaintiffs say Cere raised roughly $42.96 million from over 5,000 investors, CERE spiked to ~$0.47 in Nov 2021 and has collapsed to ~$0.00061 (~99.8% decline). Complaints accuse Lime executive chairman Brad Bao of enabling fundraising, receiving fees and allocations, and approving transfers; plaintiffs also allege roughly $16.6 million of Cere treasury losses in high‑risk DeFi bets and seek asset freezes on corporate accounts, wallets and real estate.

Two federal RICO suits seek $157M alleging (1) CEO Fred Jin hired Gotbit to wash‑trade CERE at launch, (2) insiders sold about $41.78M, (3) CERE fell from ~$0.47 to ~$0.00061 (~99.8% decline), (4) plaintiffs allege ~$16.6M in treasury losses and seek asset freezes, and (5) Lime chair Brad Bao is accused of enabling fundraising and receiving fees/allocations; one complaint adds Section 20(a) control‑person claims.