MAYC ripoff creator pleads guilty, G2A opens NFT platform: Nifty Newsletter
The creator of the Mutant Ape Planet NFT collection pleaded guilty to wire fraud in a New York federal court. In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the hype for Ordinals resurfaced. In other news, game distributor G2A has launched a gaming-focused NFT marketplace. Creator of Mutant Ape ripoff NFTs pleads guilty to $3 million fraud scheme Aurelien Michel, the creator of the Mutant Ape Planet NFT collection, which copies the popular MAYC collection by Yuga Labs, pleaded guilty to wire fraud in a New York federal court. Michel admitted to defrauding investors of $3 million and performing a rug pull. The team behind the MAYC knock-off falsely promised rewards and benefits to their investors and intentionally failed to deliver on thei...