NFT Fraud Exposed: DOJ Charges $22M Scam Founders

Quick Summary:

The Department of Justice has charged two California men with running the largest non-fungible token (NFT) fraud scheme prosecuted to date.

Gabriel Hay and Gavin Mayo allegedly defrauded investors of over $22 million.

This was through a series of fraudulent digital asset projects between 2021 and 2024.

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Article Details

Author / Journalist: Izabela Anna

Category: Crypto

Markets: India

Topics: Cryptocurrency NFT News News Market Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 09:36:38 (22 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 131 words

Reading Time: 1 minutes read

Sentences: 57 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 24658665

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 9 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 17 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

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