Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Jaya60 on July 01, 2022, 01:54:56 AM
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The DOJ also announced three other crypto fraud cases amounting to over $100 million in potential losses.The Department of Justice this afternoon announced criminal charges against the creator of the Baller Ape Club NFT collection for orchestrating a so-called “rug pull.”
The charges, announced alongside those in three other cryptocurrency fraud cases, mark the second time that federal prosecutors have gone after an NFT "rug-pull" scheme, in which an NFT project’s creators sell NFTs on false promises of community benefits and utility, only to abandon the project and make away with investors’ funds.more (https://decrypt.co/104220/doj-files-charges-against-baller-ape-club-rug-pull)