Dear readers,

On Wednesday, May 8, Cointelegraph ran a story that claimed that Lucas Geiger had been charged with fraudulent behavior by the SEC and that Wireline, another company that Mr. Geiger is said to be closely involved with, had been fined $650,000 by the SEC in January 2021.

This is untrue. Mr. Geiger has never been accused of fraud by the SEC, and while Mr. Geiger was a technical co-founder of Wireline, he had not worked for the company for two years at the time the company settled civil charges with the SEC in 2021 and was not involved in the proceedings.

The Editorial team at Cointelegraph wishes to express its sincere apologies to Mr. Geiger for any distress the article may have caused him and his family.

The article in question has been removed from our site to prevent the dissemination of incorrect information.

The Editorial team is in close contact with the parties involved, and we shall be coordinating our efforts to ensure the correct details regarding this unfortunate situation are disclosed as soon as possible