Cryptocurrency

DOJ cracks down on ‘rug pulls,’ charging Frosties NFT project founders By Cointelegraph



The Division of Justice (DOJ) has taken motion towards an alleged nonfungible token (NFT) rug pull after it slapped the founders of the “Frosties” project with costs regarding fraud and cash laundering.

The 2 founders are accused of purposely concealing their identities to function a rug pull on the Frosties neighborhood by failing to ship on the project’s roadmap and “utility,” which touted rewards for NFT hodlers, giveaways, entry to a metaverse recreation and unique entry to future mints from the project.

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