<h1>Token presale with staged price hikes, AI arbitrage and flash loans raises securities-law, AML/KYC and tax risks (Rule 10b-5)</h1> A blockchain/AI project is conducting a token presale that has sold tokens and raised funds in early stages and advertises staged price increases, a large promotional giveaway and features such as AI-driven cross-chain arbitrage, flash loans and tokenized strategy governance. Legal risks include potential securities-law exposure for the presale and promotional claims, misleading marketing, investor protection and anti-fraud concerns, and cross-border regulatory, AML/KYC and tax obligations. Reliance on a third-party audit and optimistic return projections heighten disclosure and due-diligence issues for purchasers; participants should assess regulatory compliance and legal counsel before investing.