NFTs in sports: What to know about the dangers of fraud and counterfeiting

NFTs in sports: What to know about the dangers of fraud and counterfeiting

Non-fungible tokens (NFTs) are experiencing spectacular growth thanks to the new opportunities they offer for interaction and monetization to fans, clubs and athletes in the sports industry. Platforms such as NBA Top Shot, which allows users to own key moments in basketball as NFTs, generated nearly $500 million in sales and had over 800,000 registered accounts a few years ago. The initial enthusiasm for NFTs quickly faded after scandals over sp…

NFT Investors Accuse Founder of Misappropriating Millions – Binance

According to Cointelegraph, several investors involved in the Hashling NFT project have accused its founder, Jonathan Mills, of misappropriating … Source link The post NFT Investors Accuse Founder of Misappropriating Millions – Binance first appeared on Crypto News Wire.

NFT Founder Sued for Allegedly Stealing Millions from Bitcoin Mining Venture

Investors Claim Fraud and Broken Promises Hashling NFTs co-founder and co-founded related Bitcoin mining business Jonathan Mills is sued by former business partners for allegedly falsely denying them millions of dollars. Mills was accused, in a May 14 Illinois court filing, of stealing at least $3 million and of failing to supply promised equity dividends to key participants and investors. The lawsuit, filed by multiple plaintiffs, claims that M…

NFT founder stole millions from Bitcoin project, investors allege – MAXBIT

The leader of an NFT project and Bitcoin mining venture has been sued by his former business partners for allegedly failing to pay them their promised equity returns. Several investors of a non-fungible token (NFT) project, Hashling NFT, have accused its founder of misappropriating millions of dollars in profits from the project and a closely...

NFT founder stole millions from Bitcoin project, investors allege - WorldNL Magazine

Several investors of a non-fungible token (NFT) project, Hashling NFT, have accused its founder of misappropriating millions of dollars in profits from the project and a closely tied Bitcoin mining operation.According to the May 14 court filing in Illinois, the plaintiffs allege that their former business partner, Jonathan Mills, lied about transferring assets from Hashling NFT and at least $3 million from the Bitcoin mining project to a holding…

NFT founder stole millions from Bitcoin project, investors allege

Former business partners of an NFT project and Bitcoin mining venture they invested in have sued the CEO for allegedly misappropriating millions of dollars for personal use.