Evolved Apes NFT Scam – 2024
Evolved Apes NFT Scam
The Truth Behind Yet Another Internet Fake Bubble
Primary Category: Crimes & Criminals
Author:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
About This Article
Evolved Apes NFT: The Former Jewel of NFTs – Scammers Face Up to 40 Years in Prison for $2.7M Fraud. In a significant crackdown on NFT-related fraud, three British nationals involved in the “Evolved Apes” NFT scam have been charged in the United States with wire fraud and money laundering. The suspects, Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan, are accused of orchestrating a scheme that defrauded investors out of $2.7 million.
If convicted, they face up to 40 years in prison. This case underscores the vulnerabilities within the burgeoning NFT market and highlights the need for regulatory oversight to protect investors from similar fraudulent schemes. NFTs, or Non-Fungible Tokens, represent ownership of unique digital assets, and their initial hype promised a revolutionary change in digital ownership and the creator economy.
