<h1>Alleged crypto burn claim vs. $22.5M presale: disclosure gaps, possible securities exposure under Howey test, consumer fraud risks</h1> A recent press release contrasts two crypto projects: one claims a new cross-chain burn mechanism to reduce circulating supply, though on-chain burn activity is scant and price impact limited, while the other reports a multi-stage presale raising over $22.5 million, audited status, exchange listing, and bullish return projections. Legal issues include potential misrepresentation or omitted risk disclosures in marketing (notably forward-looking return claims), securities regulation exposure for presale fundraising, consumer protection and anti-fraud scrutiny, and materiality of audit/listing statements. Regulators and investors should assess disclosure accuracy, whether token offers qualify as securities, and conflicts arising from paid promotional arrangements.