$22 million NFT scammers arrested (insider evidence)

NFT rug pulling scams involve fraudulent schemes where scammers create false roadmaps and promises for NFT projects, collect millions of dollars from investors, and then abandon the projects, leaving investors with worthless assets; these schemes often involve coordinated teams that use frontmen to deflect blame and may employ harassment campaigns against those who expose them, as demonstrated by the $22 million Squiggles NFT scam prosecuted against Gabriel Hay and Gavin Mayo.