PANews reported on January 4 that according to Decrypt, in November 2024, a US court ruled that Nowlin was involved in wire fraud and money laundering NFT (Rug Pull), involving a case worth $400,000. While awaiting sentencing, Nowlin committed suicide. The Department of Justice report explained that the project was successful because of "completely false statements," including partnerships with "well-known companies" and the utility that holders would receive. Not only that, the criminal gang deleted the Discord and Twitter accounts after receiving the payment. The NFT series began to be sold in 2022, and the two raised a total of nearly $400,000, and hundreds of victims invested in these projects.
US man commits suicide after being convicted of wire fraud and 'Rug Pull' NFTs
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