The US Department of Justice announced the arrest of two men, Ethan Nguyen and Andre Llacuna, for conspiracy to commit wire fraud and money laundering. Both conspiracy charges are in connection with what the DoJ describes as a million-dollar “rug-pull” scheme to defraud purchasers of NFT’s advertised as “Frosties.”

“As the term suggests,

Source: Hot Hardware – Shocker! DOJ Arrests NFT Sellers For Pulling The Rug In A .1M Fraud Scheme