NFT Developer of Mutant Ape Planet Series Negotiating Guilty Plea
On March 2, it was reported that Aurelien Michel, the NFT developer of the Mutant Ape Planet series of Shanzhai MAYC, who was arrested for allegedly defrauding…
On March 2, it was reported that Aurelien Michel, the NFT developer of the Mutant Ape Planet series of Shanzhai MAYC, who was arrested for allegedly defrauding US $2.9 million and charged with fraud, was negotiating with the prosecutor to plead guilty.
Aurelien Michel, NFT developer of Mutant Ape Planet series, will plead guilty
Analysis based on this information:
The NFT community received shocking news on March 2 as it was reported that Aurelien Michel, the NFT developer of the Mutant Ape Planet series of Shanzhai MAYC, was arrested for allegedly defrauding US$ 2.9 million and charged with fraud. The news immediately went viral on social media and shocked many NFT enthusiasts who invested in the Mutant Ape Planet series.
According to reports, Michel is in negotiations with the prosecutor to plead guilty. The news surprised many NFT investors, who did not expect such fraudulent activities from an NFT developer of a highly popular project like Mutant Ape Planet. The news has raised several questions about the legitimacy and safety of NFT investments, especially among beginners.
The Mutant Ape Planet series is one of the highly popular NFT projects that have seen large investments from NFT investors worldwide. The project comprises of 20,000 unique NFTs of mutant ape characters, each with a distinct look and traits. The project has gained much popularity due to its distinctive art style and creative storyline. The Mutant Ape Planet series has gained a large following since its launch, and has been offered for sale on various NFT marketplaces.
The arrest of an NFT developer of such a popular project has raised several eyebrows within the NFT community. It has also cast doubts on the legitimacy of other NFT projects, and many investors are now concerned about their NFT investments. The news has also highlighted the need for proper due diligence when investing in NFTs.
In conclusion, the news of the NFT developer of the Mutant Ape Planet series negotiating a guilty plea for fraud charges is a significant blow to the NFT community. It is a reminder of the importance of conducting proper research, due diligence, and understanding the underlying assets before investing in NFTs. It also highlights the need for regulators to impose stricter regulations to ensure the safety and legitimacy of NFT investments.
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