Shortly after Baller Ape Club's public sales began, Tuan and unnamed co-conspirators 'rug-pulled' investors, deleting the group's website and taking US$2.6mil (RM11.47mil) in investments, according to the US attorney's office for the Central District of California. — Cryptocurrency photo created by diana.grytsku - www.freepik.com
LOS ANGELES: Six people have been indicted in four separate cryptocurrency fraud cases involving more than US$130mil (RM573.7mil) in losses, including the single largest NFT scheme charged to date, federal prosecutors said this week.
That scheme, prosecutors said, involved a group called the Baller Ape Club that claimed to sell NFTs, or nonfungible tokens, in the form of cartoon images of apes.
