US Department of Justice Charges 2 People in NFT 'Rug Pull' Scheme

(*two*)

Ethan Nguyen and Andre Llacuna, who prosecutors say are pseudonymous backers of Frosties, defrauded their NFT investors of more than €1 million in a robbery. Facing criminal conspiracy and financial crime charges, they are among the first criminal NFT defendants in the coin toss era.