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NY Court Indicts Three in $3 Million Evolved Apes NFT Fraud

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Evolved Apes NFT Scam

Posted By  Kellerdale
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Three Individuals Charged in $3 Million Evolved Apes NFT Scam

Introduction

A New York court has indicted three individuals linked to a $3 million NFT scam involving the "Evolved Apes" project. The suspects face fraud and money laundering charges.


Summary of facts
After we complete our TLDR summary of this article, we trigger an AI to check what our author wrote against what is factually mentioned in the article. The we ask it to score the  AI's confidence that this 'fact' is indeed 'true'. 

Fact Confidence Score
The suspects are linked to the Evolved Apes NFT project. 10
The scam involved $3 million in Ethereum. 10
The project promised a fighting game for the NFT characters. 9
Victims invested and lost their funds believing in the project's legitimacy. 9
Suspects are charged with wire fraud and conspiracy to commit money laundering. 10

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Breakdown of the Timeline for this alleged scam:

The Evolved Apes NFT project was launched in 2021, promising a fighting game. Investors poured $3 million into the project, which later turned out to be a scam. The funds were diverted, and the project was abandoned. Authorities have since indicted three individuals linked to the scam.

Legal Implications:
The suspects face serious charges including wire fraud and conspiracy to commit money laundering. If convicted, they could face up to 20 years in prison for each charge.
Summary:

This article discusses the indictment of three individuals linked to the $3 million Evolved Apes NFT scam. The suspects face charges of wire fraud and money laundering. The scam involved false promises of a fighting game for NFT characters, leading investors to lose substantial amounts of money.

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Entity Related Search Terms
Evolved Apes NFT, scam, fraud, rug-pull
Ethereum crypto, investment, blockchain
New York Court indictment, legal, charges
Wire fraud crime, legal, money laundering
Money laundering fraud, crypto, financial crime
Reference Source: [1https://bitcoinist.com/ny-court-charges-three-individuals-linked-to-3-million-nft-scam/

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Address:

0x098B28d1721d645fA406e8734c037c7D1FD70daD

Only send tokens to this address on Bitcoin Mainnet (BTC)
Address:
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Only send tokens to this address on BNB Smart Chain (LTC)
Address
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Only send tokens to this address on BNB Smart Chain (USDC)
Address:
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Only send tokens to this address on Ethereum Mainnet Tether (USDT)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
Only send tokens to this address on BNB Smart Chain (BNB)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
Only send tokens to this address on Solana Mainnet Beta (SOL)
Address:
b6QRUrVdP8Q3Vtcp7fcrx5s7WTemZVDsz9L5PTXkbMw
Only send tokens to this address on BNB Smart Chain (DOGE)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
Only send tokens to this address on Solana Mainnet Beta (ADA)
Address:
b6QRUrVdP8Q3Vtcp7fcrx5s7WTemZVDsz9L5PTXkbMw
Only send tokens to this address on BNB Smart Chain (DOT)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
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