Mutant Ape Planet’s developer Aurelien Michel has been arrested at the John F. International Airport in New York for allegedly executing a rug pull scheme and deceiving nearly $3 million from investors of the Mutant Ape Yacht Club knock-off collection. The press release from the Department of Justice stated that he defrauded investors by making false representations of giveaways, tokens with staking features, and merchandise collections. However, none of the benefits he promised was received and the developer withdrew the funds for his personal benefit after selling out of the NFTs.
Source: https://cointelegraph.com
