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

Generated by AI, curated by humans

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.

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.

Latest

Jun 22, 10:53 am

Decrypt

Polymarket Creators Paid to Film Fake Bets, Wins: WSJ

A Wall Street Journal investigation revealed that Polymarket creators were paid to film fake bets and wins on duplicate... Read Summary

Jun 22, 1:45 pm

x.com

Strategy Adds Another $35M in Bitcoin to Treasury, $300M to USD Reserve

Bitcoin treasury firm has added a further 520 BTC to its holdings, bought for $35 million. The company's Chair Michael S... Read Summary

Jun 19, 8:02 pm

Decrypt

Charles Schwab Plans to Introduce Prediction Markets With Cboe for Wagering on the S&P 500's Performance: WSJ

Charles Schwab is preparing to enter the prediction markets industry by offering contracts via Cboe Global Markets for p... Read Summary

Jun 19, 4:32 pm

Decrypt

Strive Says Leverage to Blame for Price Plunges for SATA, Bitcoin Giant Strategy's STRC

Strive CEO Matt Cole highlighted the significant drop in value of digital credit preferred share offerings from Bitcoin... Read Summary

Jun 19, 2:39 pm

Decrypt

Gamers Targeted With Crypto-Stealing Malware By Anime Girl Wallpapers

Kaspersky reported that attackers exploited Steam Workshop to distribute malicious Wallpaper Engine downloads disguised... Read Summary

Jun 19, 11:14 am

Decrypt

Texas Brothers Plead Guilty to $8M Crypto Kidnapping

Isiah and Raymond Garcia pleaded guilty to robbing a Minnesota family of over $8 million in cryptocurrency, holding them... Read Summary

Jun 19, 10:01 am

Decrypt

Franklin Templeton Files for ETFs Reinvesting U.S. Stock Dividends Into Bitcoin

Franklin Templeton plans to launch two ETFs that reinvest dividends from U.S. stocks into Bitcoin. The funds will have a... Read Summary

Jun 19, 8:48 am

Coindesk

'Crypto Clipper' USB Malware Steals Wallet Data, Diverts Funds to Attackers: Microsoft

Microsoft has warned of a malware spreading through USB drives targeting crypto wallets since February. The malware, dub... Read Summary

Jun 19, 5:02 am

Coindesk

Bitcoin Traders Bet on Plunge to $52K via Put Options

Bitcoin traders are actively purchasing put options on Deribit, with expirations ranging from June 22 to July 31, to hed... Read Summary

Jun 18, 9:02 pm

Decrypt

Celsius Founder Alex Mashinsky Gets Another Major Ban After Massive Crypto Fraud

The CFTC has permanently banned Celsius founder Alex Mashinsky from trading in regulated markets due to securities and c... Read Summary

Jun 18, 8:52 pm

Decrypt

As Quantum Threat Comes for Bitcoin, Algorand Reveals Its Own Resistance Roadmap

The Algorand Foundation plans to make its blockchain quantum-resistant by the end of 2027, upgrading user accounts and n... Read Summary

Jun 18, 8:16 pm

Decrypt

Another Ethereum Foundation Leader Departs After Vitalik Buterin Signals Changes

Hsiao-Wei Wang, co-director at the Ethereum Foundation, announced her immediate departure, following a sabbatical and th... Read Summary

Jun 18, 7:26 pm

Decrypt

MiCA Regulation Deadline Prompts European Crypto Firms to Obtain Licenses

The European crypto industry is facing a shakeout as the transition period for MiCA regulation ends on July 1, requiring... Read Summary

Jun 18, 7:05 pm

Decrypt

Bitcoin Miner HIVE Sees Share Spike After $220 Million AI Deal

HIVE Digital Technologies secured a $220 million GPU cloud contract with Bell Canada and Cohere, involving 2,304 NVIDIA... Read Summary

Jun 18, 6:01 pm

Decrypt

Bitcoin Giant Strategy's STRC Falls to All-Time Low—Here's Why

Strategy's flagship preferred stock, Stretch (STRC), experienced a dip to an all-time low but showed a partial recovery.... Read Summary