In a recent statement from the United States Attorney’s Office of New York, Michel's acknowledgment of defrauding investors in the Mutant Ape Planet NFT project could result in a prison sentence. United States Attorney Breon Peace highlighted Michel's admission of conspiring to defraud consumers in the digital asset market.
Authorities, as emphasized in the statement, remain committed to apprehending individuals manipulating the digital assets market for personal financial gain: “Holding these criminal actors accountable and protecting the public is, and will remain, a priority of this Office.”
FBI Warning on NFT Scams: This development follows a recent warning from the Federal Bureau of Investigation (FBI) about the increasing sophistication of NFT scams. Criminals, exploiting the surge in NFT interest, are targeting innocent enthusiasts, leaving victims in the dark.
The FBI's alert, issued on August 7, highlights the need for vigilance in the face of evolving NFT scams, urging the public to stay informed and cautious in the ever-changing landscape of digital assets.