'Mutant Ape Planet' NFT developer charged in multi-million dollar scheme

A man is accused of running a multi-million dollar scheme involved with the sale of digital images called 'Mutant Ape Planet' NFTs

NEW YORKA criminal complaint was unsealed today in federal court in Brooklyn charging a man with defrauding purchasers of "Mutant Ape Planet" NFTs, a type of digital asset, of more than $2.9 million in cryptocurrency.Homeland Security investigators claim that Aurelien Michel and others devised a scheme to defraud cryptocurrency holders in connection with NFTs in a collection called "Mutant Ape Planet".

Investigators say the developers of the Mutant Ape Planet NFTs executed a "rug pull," which is a term used to describe a scheme in which an NFT developer solicits funds from purchasers promising them certain benefits.

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