Frosties NFT Creators Were Arrested

Frosties NFT creators were arrested. Up to 20 years in prison were requested for the two entrepreneurs who screwed up the project and fled.

In the cryptocurrency world, we witness a lot of events called rug-pull, which raises money for a project and then disappears. At least, it is now possible to take action against such scammers. In the past period, the Frosties NFT collection went on sale with great promises and $ 1.1 million was collected. However, Ethan Nguyen and Andre Llacuna had disappeared, canceling the project soon after. As a result, the value of the NFT collection was also reset. The Department of Justice followed suit and detained the two cronies in Los Angeles. Defendants facing money laundering and fraud charges face up to 20 years in prison. The cryptocurrency team established under the Ministry of Justice has started to focus on cryptocurrency projects. Agent Thomas Fattorusso states that they are watching the market closely and will not allow such pyramid schemes.