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Home » Mutant Ape Planet NFT creator pleads guilty to stealing $2.9 million in ‘rug-pull’ fraud – MarketWatch

Mutant Ape Planet NFT creator pleads guilty to stealing $2.9 million in ‘rug-pull’ fraud – MarketWatch

Mutant Ape Planet NFT creator pleads guilty to stealing $2.9 million in ‘rug-pull’ fraud – MarketWatch

This NFT really was non-fungible in the end. It never existed. The creator of the Mutant Ape Planet NFT, who sought to capitalize on the ape-themed art craze that swept the crypto world two years ago, has pleaded guilty to stealing $2.9 million from investors in what prosecutors said was a classic “rug-pull” fraud. Aurelien Michel, 25, admitted… 

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