• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The founder of the NFT task “following” Mutant Ape Yacht Club has been arrested for fraud

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

24-yr-previous French nationwide Aurelien Michel, the father of the ‘Mutant Ape Planet’ NFT task, is accused of defrauding consumers out of $two.9 million.

The founder of the NFT task “following” Mutant Ape Yacht Club has been arrested for fraud

A federal court in Brooklyn has indicted Aurelien Michel on costs of defrauding consumers by way of the NFT task “Mutant Ape Planet,” a spin-off of the preferred Mutant Ape Yacht Club assortment.

Related articles

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

November 27, 2023
Azuki DAO changed its name, "transformed" into a memecoin project

Azuki DAO transformed its identify, “transformed” into a memecoin undertaking

November 27, 2023

Developer of non-fungible tokens (NFTs) charged in multi-million pound global fraud scheme

Buyers of “Mutant Ape Planet” NFTs had been defrauded of $two.9 million

Announced with @HSINewYork @IRSCI_NY https://t.co/ohuQJdnUb1

— US Attorney EDNY (@EDNYnews) January 5, 2023

Michel is a French citizen residing in the United Arab Emirates. He was arrested on the evening of January four as quickly as he landed at John F. Kennedy International Airport (New York).

According to the complaint filed on Jan. three, Michel and many of his accomplices when “swore” to preserve the cost of the Mutant Ape Planet NFT increasing and promised to distribute rewards to these who owned them. In truth, this group pocketed $two.9 million in consumer money for their very own use.

In the project’s Discord channel, Michel admitted that he “pulled the carpet” of the task, that is, he escaped with the user’s blood and gore. “I never intended to pull the rug, but the community has become so toxic.” Judicial Citation what Michael stated.

Ivan J. Arvelo, a US Department of Homeland Security agent, stated in a statement:

“As stated, Aurelien Michel has implemented a pull-pull scheme, to steal almost $three million from traders for his very own use. Buyers of NFT Mutant Ape Planet imagined they had been investing in a stylish assortment, but they weren’t deceived and did not get any rewards.

As Coinlive up to date, constantly from December to the new yr of 2023 are attacks and scams with a variety of kinds of scams. The most latest instances are Lodestar Finance ($six.five million), Ankr ($five million), Bitget’s Bitkeep wallet ($eight million), mining pool BTC.com ($three million), veteran Bitcoin developer Luke Dashjr ( $three.three million), GMX whale ($three.four million), eight individuals behind CoinDeal (above $45 million)…

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: ApeArrestedclubfounderfraudmutantNFTprojectYacht
Share76Tweet48

Related Posts

Stablecoin Activity Peaks with 33.1M Active Addresses in May

by shark
June 2, 2025
0

Stablecoin adoption skyrockets with 33.1 million active addresses in May 2025, supported by Artemis data, reflecting a booming crypto market.

CoinShares Reports Strong $286M Inflows into Digital Assets

by shark
June 2, 2025
0

CoinShares reported $286 million in digital asset investment inflows last week, marking a cumulative $10.9 billion over the last seven...

Tether Excluded from Juventus Capital Raise

by shark
June 2, 2025
0

Tether faces exclusion from a Juventus capital raise despite increased investment stake.

Hackers Impersonate Security Firms to Steal Crypto Keys

by shark
June 2, 2025
0

SlowMist warns of evolving scams by hackers impersonating security firms to steal cryptocurrency keys.

Altcoin Market Poised for Potential Bullish Rally

by shark
June 2, 2025
0

Altcoin market sees potential for a major rally with technical indicators signaling a bullish trend.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Stablecoin Activity Peaks with 33.1M Active Addresses in May
  • CoinShares Reports Strong $286M Inflows into Digital Assets
  • Tether Excluded from Juventus Capital Raise
  • Hackers Impersonate Security Firms to Steal Crypto Keys
  • Altcoin Market Poised for Potential Bullish Rally
  • US Sells Seized Bitcoin, Faces Significant Financial Losses
  • IG Group Launches Retail Crypto Trading in UK
  • Flare Token Surges Amid XRP Integration Announcement
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7