The DOJ has charged the creator of the 'Mutant Ape Planet' NFTs for allegedly defrauding crypto investors in a $3 million rugpull scheme. cryptocurrency
US Arrests 'Mutant Ape Planet' NFT Creator in $3M 'Rug Pull' Scheme to Defraud Crypto Investors
The defendant is a French national residing in the United Arab Emirates . He was arrested Wednesday at John F. Kennedy International Airport. After selling out of the NFTs, the purchasers were ‘rug pulled’ … Millions worth of the NFT purchasers’ cryptocurrency was diverted for Michel’s personal benefit.
Ivan J. Arvelo, special agent in charge of Homeland Security Investigations in New York, described: “Aurelien Michel perpetrated a ‘rug pull’ scheme – stealing nearly $3 million from investors for his own personal use.”
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