The Verge: Two men arrested for $1.1 million NFT ‘rug pull’ scam

The Verge: Two men arrested for $1.1 million NFT ‘rug pull’ scam. “US government prosecutors have charged two men with fraud and money laundering over a cryptocurrency ‘rug pull’ scheme. Ethan Nguyen and Andre Llacuna allegedly earned around $1.1 million by selling non-fungible tokens (or NFTs) based on cartoon-like characters called “Frosties.” After selling the NFTs, they shut down the project and transferred its funds to a series of separate crypto wallets, leaving Frosties owners bereft of promised rewards.”

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