币界网报道：According to the news on July 4, investors of the crypto project The Phoenix accused the current head Daniel Ianello of an exit scam and filed a lawsuit in the federal court of Tennessee. The plaintiff claimed that after Ianello took over Phoenix Community Capital in October 2022, he closed the smart contract and transferred hundreds of thousands of dollars of investor funds, while deleting Discord posts and early website versions. Ianello has filed a motion to dismiss the lawsuit on the grounds that he has no jurisdictional connection with Tennessee as a resident of Michigan and denies any involvement in the sale of securities. The project had promised to obtain investment opportunities not available in the retail market through a "large community asset pool" and distribute profits to token holders.