NFT rug pull – DIGIT INFO

Mutant Ape NFT ripoff creator to forfeit $1.4M, avoids prison

DIGIT — Sat, 02 Nov 2024 07:23:40 +0000

Mutant Ape Planet creator Aurelien Michel pleaded guilty to defrauding investors and avoided a prison sentence.

Creator of Mutant Ape ripoff NFTs pleads guilty to $3M fraud scheme

DIGIT — Wed, 15 Nov 2023 01:12:18 +0000

The French developer of the Mutant Ape Planet NFT collection faces up to five years in prison after pleading guilty to wire fraud charges.

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US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors

DIGIT — Wed, 11 Jan 2023 02:30:01 +0000

The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,’” the Department of Justice (DOJ) described, adding that millions of dollars in cryptocurrency were diverted for the NFT creator’s personal benefits. DOJ Takes Action Against NFT Rug Pull Scheme […]

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Feds Seize $34 Million in Crypto From Unidentified Florida Man

DIGIT — Tue, 05 Apr 2022 15:30:20 +0000

On April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that law enforcement seized $34 million in crypto assets from an unidentified man living in Florida. According to the DOJ, the man allegedly conducted more than 100,000 sales on darknet markets, selling online account information tied to […]

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NFT Rug Pull: DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors

DIGIT — Sat, 26 Mar 2022 03:30:31 +0000

The U.S. Department of Justice (DOJ) has charged two people allegedly behind a million-dollar non-fungible token (NFT) “rug pull” scheme. They abandoned the NFT project within hours after selling out, deactivated the website, and transferred over $1 million in crypto to the wallets they controlled, the justice department explained. NFT Purchasers Defrauded in a Rug […]

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DOJ cracks down on ‘rug pulls’, charging Frosties NFT project founders

DIGIT — Fri, 25 Mar 2022 02:06:38 +0000

“You can’t solicit funds for a business opportunity, abandon that business and abscond with money investors provided you,” stressed IRS-CI Special Agent-in-Charge Thomas Fattorusso.

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