{"id":157196,"date":"2025-05-16T19:00:21","date_gmt":"2025-05-16T16:00:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=157196"},"modified":"2025-05-15T16:00:23","modified_gmt":"2025-05-15T13:00:23","slug":"nft-project-founder-accused-of-pocketing-millions-in-investor-funds","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/nft-project-founder-accused-of-pocketing-millions-in-investor-funds\/","title":{"rendered":"NFT Project Founder Accused of Pocketing Millions in Investor Funds"},"content":{"rendered":"
Filed in Illinois on May 14, the case centers around claims that Mills transferred at least $3 million in assets to Satoshi Labs LLC\u2014a company he leads\u2014without delivering promised equity returns. Investors say they raised over $1.4 million from two NFT drops on Solana and Bitcoin, but received no profits and were eventually cut off from communication.<\/p>\n
The plaintiffs accuse Mills of fabricating a flawed shareholder agreement to justify control of the assets. The document reportedly awarded Mills a 67% ownership stake and voting rights, while other investors were granted just 2% equity for contributions of up to $20,000.<\/p>\n