FBI to Use NFTs for Victim Restitution in $1.1M CluCoin Crypto Fraud Case
The FBI plans to notify victims of the $1.1 million CluCoin crypto fraud via NFTs after the founder, Austin Michael Taylor, admitted to using investor funds for gambling.
In a groundbreaking move, the FBI will use non-fungible tokens (NFTs) to notify victims of a $1.1 million crypto fraud scheme tied to the sham project CluCoin. The scheme's founder, Austin Michael Taylor, recently pled guilty to wire fraud, admitting to using investor funds to fuel his online gambling addiction. This marks one of the first times NFTs have been employed by law enforcement to contact victims.
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN #NFT
The FBI plans to notify victims of the $1.1 million CluCoin crypto fraud via NFTs after the founder, Austin Michael Taylor, admitted to using investor funds for gambling.
In a groundbreaking move, the FBI will use non-fungible tokens (NFTs) to notify victims of a $1.1 million crypto fraud scheme tied to the sham project CluCoin. The scheme's founder, Austin Michael Taylor, recently pled guilty to wire fraud, admitting to using investor funds to fuel his online gambling addiction. This marks one of the first times NFTs have been employed by law enforcement to contact victims.
Read the entire article below ⬇️
#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN #NFT