{"id":421065,"date":"2022-03-24T22:33:11","date_gmt":"2022-03-24T19:33:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/two-20-year-olds-charged-in-alleged-1-1m-nft-scam\/"},"modified":"2022-03-24T22:33:11","modified_gmt":"2022-03-24T19:33:11","slug":"two-20-year-olds-charged-in-alleged-1-1m-nft-scam","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/two-20-year-olds-charged-in-alleged-1-1m-nft-scam\/","title":{"rendered":"#Two 20-year-olds charged in alleged $1.1M NFT scam"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25b2c030927\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25b2c030927\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/two-20-year-olds-charged-in-alleged-1-1m-nft-scam\/#%E2%80%9CTwo_20-year-olds_charged_in_alleged_11M_NFT_scam%E2%80%9D\" >&#8220;Two 20-year-olds charged in alleged $1.1M NFT scam&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CTwo_20-year-olds_charged_in_alleged_11M_NFT_scam%E2%80%9D\"><\/span>&#8220;Two 20-year-olds charged in alleged $1.1M NFT scam&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n    The duo were charged with wire fraud and conspiracy to commit money laundering for allegedly selling bogus NFTs to investors before abandoning the project, shutting down their website, and absconding with $1.1 million in digital funds.\n<\/div>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>They took the virtual money and ran.<\/p>\n<p>Prosecutors in New York\u2019s Southern District Thursday charged two 20-year-olds in connection with an alleged NFT scam.<\/p>\n<p>Ethan Vinh Nguyen and Andre Marcus Quiddaoen Llacuna were charged with wire fraud and conspiracy to commit money laundering for allegedly selling bogus NFTs to investors before abandoning the project, shutting down their website, and absconding with $1.1 million in digital funds. <\/p>\n<p>NFTs, or Non-Fungible Tokens, are digital assets supposedly made unique and therefore scarce through block-chain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. In recent years NFTs have fueled a boom in sales of digital art.<\/p>\n<p>\u201cThe trending market and demand for NFT investments has not only drawn the attention of real artists, but scam artists as well,\u201d Homeland Security Investigations Special Agent In Charge Ricky Patel said in a statement.\u00a0\u201cThe arrested thieves allegedly hid behind online identities where they promised investors rewards, giveaways, and exclusive opportunities before implementing their \u2018rug pull\u2019 scheme\u00a0\u2013 leaving investors with empty pockets and no legitimate investment.\u201d<\/p>\n<p>Prosecutors say the pair had pulled up stakes on their so-called \u201cFrosties\u201d <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of NFTs \u2014 deleting the website and transferring the $1.1 million across several virtual wallets \u2014 within hours of selling out the digital tokens.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"462\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/nft-fraud-frosties-069.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"&quot;Embers&quot; website\" class=\"wp-image-21649121\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/nft-fraud-frosties-069.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/nft-fraud-frosties-069.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/nft-fraud-frosties-069.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Ethan Vinh Nguyen and Andre Marcus Quiddaoen Llacuna were charged with wire fraud and conspiracy to commit money laundering for allegedly selling bogus NFTs to investors before abandoning the project.<\/figcaption><figcaption><span class=\"credit\">U.S. DEPARTMENT OF JUSTICE<\/span><\/figcaption><\/figure>\n<p>Nguyen and Llacuna were planning to repeat the digital fly-by-night act with a March 26 NFT drop called \u201cEmbers\u201d, prosecutors said. <\/p>\n<p>The pair face up to 20 years in prison in convicted.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/24\/two-20-year-olds-charged-in-alleged-1-1m-nft-scam\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Two 20-year-olds charged in alleged $1.1M NFT scam&#8221; The duo were charged with wire fraud and conspiracy to commit money laundering for allegedly selling bogus NFTs to investors before abandoning the project, shutting down their website, and absconding with $1.1 million in digital funds. They took the virtual money and ran. Prosecutors in New York\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":421066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/nft-fraud-frosties-068.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[95118,127117,70690,33897,71101],"class_list":["post-421065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nft","tag-3-24-22","tag-manhattan-federal-court","tag-money-laundering","tag-scams"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/421065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=421065"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/421065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/421066"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=421065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=421065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=421065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}