Friday, 24 March, 2023

Two men sentenced to 20 years in prison for $1.1M NFT scam

<p>The DoJ has charged two 20-year-olds with 20 years imprisonment over fraud. Ethan Nguyen and Andre Llacuna are the two men in question and they were in charge of the Frosties NFT project with 8,888 NFTs worth $180 each. The buyers were promised metaverse game, 3D avatars, giveaways but soon after the initial sale, all traces of the project vanished including the project&rsquo;s discord server. The official traced both men from their credit cards linked to their Coinbase accounts.</p>