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News Explorer — US Charges UK Nationals in 'Evolved Ape' NFT Rug Pull Scam

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Jun 8, 10:24 am
DL News

US Charges UK Nationals in 'Evolved Ape' NFT Rug Pull Scam

Three UK nationals have been charged with wire fraud and money laundering in connection with a rug-pull scam involving the sale of 10,000 NFTs called 'Evolved Apes.' The defendants allegedly promised to develop a video game but instead disappeared with the funds from NFT sales, totaling 798 Ethereum worth about $2.7 million at the time. Rug pulls and related scams in 2021 amounted to approximately $760 million.

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