From NFTs To Handcuffs: Mutant Ape Creator’s $3 Million Wire Fraud Admission
The mastermind behind the famed NFT “rug pull” heist is now, in an unparalleled turn of events in American history, staring down the barrel of federal justice and the threat of a long prison sentence. Aurelien Michel, a French citizen and the brains behind the Mutant Ape Planet nonfungible token (NFT) collection, has entered a […]
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Art gallery owner Todd Kramer had his valuable NFT collection stolen from his hot wallet yesterday, so OpenSea froze the stolen assets worth about $2.2 million. NFT marketplace OpenSea has frozen 16 Bored Ape and Mutant Ape nonfungible tokens (NFT) after they were reportedly stolen yesterday from a New York art gallery operator.In total, one Clonex, seven Mutant Ape Yacht Club, and eight Bored Ape Yacht Club NFTs currently valued at about 615 ETH ($2.28 million) were stolen and are now not able to be traded on OpenSea.The toddkramer.eth account, which links to the Ross+Kramer Art Gallery....
Both BAYC and Mutant Ape Yacht Club (MAYC) NFT sales have risen since Eminem disclosed that he purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for $452K. Time For The Mutant Apes To Eat Last week, Mutant Ape Yacht Club topped other NFTs with a massive increase in sales volume. The initiative, which began at Bored Ape Yacht Club, saw two serum sales of more than $3.5 million each, helping Bored Ape Chemistry Club to make the top ten list. The Mutant Ape Yacht Club floor price has continued to grow, and additional serum sales could keep the NFT collection in the spotlight.....
A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins, a citizen of the small Baltic nation of Latvia, was extradited to the United States on Friday. The Latvian has been handed over to the American judiciary on a six-count indictment charging him with wire fraud, securities fraud, and....
This is also another example of how banks facilitate crime, rather than Bitcoin or cryptocurrencies. Online fraud is becoming the most popular development of the 21st century so far. A Nigerian individual is facing US charges for this involvement in multiple scams. By impersonating vendors and company executives, the managed to scam hundreds of victims. All victims made large wire transfers to fraudulent accounts, resulting in a total loss of close to US$3.1bn. David Chukwuneke Adindu pleaded not guilty to these charges. However, prosecutors are still planning to charge him with wire fraud....
NFTs have been steadily rising over the past few years, with the most expensive NFT selling for $532 million. With massive sales like that, it is safe to say that the popularity of NFTs will continue to rise and reach new peaks while also finding new and exciting use cases. One of the more recent […]