If you thought NFT buffoonery was over in 2022, think again. Mutant Ape Planet NFTs founder Aurelien Michel, a French national living in the UAE, was arrested at JFK Airport in New York over an alleged $2.9 million rug pull—a crime he allegedly says was perpetrated because "the community went way too toxic."
According to the NFT purchases but running off with the money after selling out the collection.
“As alleged, Aurelien Michel perpetrated a ‘rug pull’ scheme—stealing nearly $3 million from investors for his own personal use. Purchasers of Mutant Ape Planet NFTs thought they were investing in a trendy new collectible, but they were deceived and received none of the promised benefits," wrote Ivan J. Arvelo, Special Agent in Charge of Homeland Security Investigations.
The cryptocurrency wallets, lining his pockets with nearly $3 million of investors’ money."
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Michel allegedly itted to defrauding s in the official MAP Discord under the name '"James", saying, "We never intended to rug [pull], but the community went way too toxic."
"Michel can no longer blame the NFT community for his criminal behavior," said IRS special agent Thomas Fattorusso. "His arrest means he will now face the consequences of his own actions.”
As a side note, Mutant Ape Planet has no relationship with Bored Ape Yacht Club, a different set of monkey-themed NFTs.
If you are a victim of this scam, you call the HSI Tip Line at 1-866-347-2423.
