US Charges 2 Men in $22 Million NFT Rugpull Crypto Fraud Scheme

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 […]