<h1>Legal risks of AI-driven crypto presale: securities classification, misleading claims, audit reliance, disclosure and investor due diligence (Rule 10b-5)</h1> A crypto presale announcement promotes an AI-driven arbitrage token offering on multiple chains as an alternative to an incumbent blockchain amid recent price declines; it touts audited smart contracts, rapid execution, staged pricing with early-bird discounts, a large promotional giveaway, and speculative return projections. Legal issues include potential securities or consumer-protection classification of the token, risks from forward-looking return claims and marketing inducements, reliance on third-party audit statements, and disclosure adequacy regarding project, technological and liquidity risks. Purchasers may face regulatory, fraud, market and contractual risks; independent due diligence and legal advice are advisable before investing.