A Vietnamese is accused of NFT fraud in the US

 Le Anh Tuan, 26, founder of the NFT Baller Ape Club project, was accused of using the "carpet

Just one day after selling NFT, Tuan performed a "carpet withdrawal", a term describing the act of closing the project, deleting the website with the purpose of stealing money from previous NFT buyers. In order to launder money, this group is said to use "chain jumping", which is to transfer illegal amounts of digital currency through various blockchains as well as cryptocurrency swap services to remove traces. According to the indictment, the total amount earned by the group through the above activity was $2.6 million.

"If convicted of all crimes, Tuan will face up to 40 years in prison," the US Department of Justice's announcement stated. This is one of four crypto-related cases announced by the agency on June 30, with a total amount of fraud over $100 million.

"These cases are a reminder to everyone about scammers. They hide behind projects with trendy keywords, but ultimately still find ways to extort people's money," attorney Tracy L. Wilkison assessed.

Before Baller Ape Club, a number of NFT projects related to Vietnamese people were also accused of fraud, such as Crypto Bike, Floki Iron. According to a report by Chainalysis, cryptocurrency scams hit a record $14 billion last year, more than double the $7.8 billion in 2020.

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