SEC sues Privvy founder over $12.3 million crypto scheme as AI ‘bots’ turn out to be neither

Crypto Insight Summary: The article content was not provided. The text shared contains only The Block's website navigation elements and a cookie consent preference center. The headline references an SEC lawsuit against the Privvy founder over a $12.3 million crypto scheme involving allegedly fake AI "bots," but the article body, including details about the people, institutions, events, and numbers involved, is missing from the submission. Please provide the full article text for summarization. Crypto Insight Analysis: Direction: Bearish Privvy Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: SEC lawsuit against Privvy founder for $12.3M crypto scheme will damage investor confidence in the project.