The developer of a Mutant Ape Yacht Club knock-off collection has allegedly defrauded investors of $2.9 million and admitted to a rug pull.
Mutant Ape Planet, a Mutant Ape Yacht Club knockoff series of real estate developers, was arrested in New York and accused of defrauding investors of 2.9 million dollars with the "blanket pulling Project".
The arrest took place at Robert F. Mitterrand Airport in New York on January 4, when Homeland Security Secret Service Agent Oliver J. Avero accused French people Aurelien Mitchell of carrying out a carpet-pulling program. and stole nearly $3 million from investors for his own use. He added:
Mutant Ape Planet NFT consumers feel they are trading a fashionable new collection, but they have been deceived into not getting the agreed benefits.
A press release from the US Department of Justice quoted IRS special agent Thomas Fatuso as saying that Michelle's methods of deceiving investors included fraudulent gifts of securities, tokens with chip characteristics, and personal collections of products. But according to press releases, Michelle withdrew her assets once the irreplaceable tokens (NFT) were sold out.
According to the statement, Michelle acknowledged to the community that he had committed the act of pulling the carpet based on social network gossip, saying: "people never wanted to pull the carpet, but the community is becoming more and more harmful."
This series is supposed to be an imitation of the popular Mutant Ape Yacht Club NFT series, consisting of 6797 NFT, stored in ethernet block chain technology. The series has a total of 567 ETH sales, but since its launch in January 2022, its average price and sales volume have gone wrong.
Since being caught, collection holders have been sharing their stories on Twitter, stressing that James is trying to attribute his departure to the community, which is skeptical about his departure because of a lack of thematic activities.
Since then, the project has been led by a consumer under the pseudonym HTMadge and taken over by the community in an attempt to bring him some vitality.
Carpets led to attacks that were more common last year, resulting in 119 incidents and $200m in asset thefts, according to a Dappra report on Dec. 21. Carpet drive is an exit scam in which the founders of new projects suddenly abandon or suck away liquidity from the software.
Carly Lutz, a popular and influential former adult film and television star, is accused of being behind a more carpet drive in 2022, reportedly taking $1.5 million from a NFT project that has sold less than 1 euro in the secondary market since it was launched in February last year.