Developer of Mutant Ape Planet series of NFTs pleads guilty to fraud and agrees to pay $1.4 million fine
According to the US Department of Justice (DOJ), Aurelien Michel, the developer of the MAYC imitation game Mutant Ape Planet NFT, pleaded guilty to a fraud case involving about $3 million in the US federal court. Michel is a French citizen residing in the United Arab Emirates. He was arrested in New York earlier this year on suspicion of fraudulently obtaining $2.9 million. The US prosecutor in the Eastern District of New York stated that Michel faces up to 5 years in prison and has agreed to pay a confiscation fine of $1.4 million. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Foundation allocates $32 million to expand education and tools in the ecosystem
Ripple Ends Dispute with SEC, Recovers $75 Million, XRP Surges 10%
Core Scientific Nets $580M in Q1 Despite Revenue Miss, Eyes AI and HPC Future
Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts and operational transformation.

Federal Reserve’s Tight Policy Affects Bitcoin Growth

Trending news
MoreCrypto prices
More








