No hideous ape is safe from NFT malfeasance.
) that was unsealed last week, Michel allegedly performed a"rug pull" on the buyers, promising benefits and rewards for their NFT purchases but running off with the money after selling out the collection.
“As alleged, Aurelien Michel perpetrated a ‘rug pull’ scheme—stealing nearly $3 million from investors for his own personal use. Purchasers of Mutant Ape Planet NFTs thought they were investing in a trendy new collectible, but they were deceived and received none of the promised benefits," wrote Ivan J. Arvelo, Special Agent in Charge of Homeland Security Investigations.
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