The Ministry of Justice (DOJ) has announced that it will file criminal charges against the creators of the Baller ApeClub NFT collection after performing a pre-planned rug pull. This follow-up, which also includes claims to three other private rug pullers, is the second time a federal prosecutor has followed the NFT rug pull scheme.
The defendant in this proceeding is Le Anh Traun, a Vietnamese citizen charged with a plot of wire fraud and a plot of international money laundering.Indicted on suspicion of being collected by Traun $ 2.6 million from mint In the Baller Ape NFT example, we removed the project’s website, converted the funds into different cryptocurrencies, and washed the funds by moving between different blockchains (a technique known as “chain hopping”). ..
If convicted of the above severe charges, Traun 40 years in prison. DOJ pursued the founders of the Baller Ape Club after investigating the creators of the Frosties NFT collection in March. When talking about such cases of Web3 fraud, US lawyer Tracy L. Wilkison said:
“These incidents play an important role in reminding us that some scammers are hiding behind buzzwords, but after all, they’re just trying to separate people from money. We will continue to work with law enforcement partners to educate and protect potential investors. Both traditional and trendy investments. “
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* All investment / financial opinions expressed by NFT Plaza are from the site moderator’s personal research and experience and are intended as educational material only. Individuals need to thoroughly investigate every product before making any kind of investment.
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