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exlawyer

@exlawyernft · view on X ↗

Proud husband & father; Art Lover; Dreamer.

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exlawyer@exlawyernft

Today, two 20 year olds who rug pulled for at least $1.1 million with "Frosties" were charged for wire fraud and related crimes. A 🧵 First, disclosures: I am not a criminal lawyer and I have never...

SummaryTwo 20-year-old defendants were charged with wire fraud and money laundering for the "Frosties" NFT rug pull that stole $1.1 million by promising holder benefits then disappearing. The case demonstrates that existing federal laws can prosecute crypto fraud, and highlights the danger rug pulls pose to Web3's future regulatory environment.Mar 25, 202225 tweets♥ 7.4K