Two Southern California men, Gabriel Hay and Gavin Mayo, face charges for allegedly defrauding investors of over $22 million in cryptocurrency through fraudulent NFT and digital asset schemes. The indictment reveals they conducted a series of “rugpulls,” soliciting funds for NFT projects that were abandoned after collecting investments. The alleged scams involved projects like Vault […]
US Charges 2 Men in $22 Million NFT Rugpull Crypto Fraud Scheme
Timmy Grimberg
Timmy is a passionate cryptocurrency enthusiast and experienced writer with a knack for breaking down complex blockchain concepts into digestible insights. With years of experience covering crypto trends, market analysis, and emerging blockchain technologies, Timmy strives to keep readers informed and ahead of the curve in the ever-evolving world of digital currencies. When not writing, Timmy enjoys exploring decentralized applications and engaging with the global crypto community.