‘Frosties’ NFT Series Creators Arrested in US Over ‘Rug Pull’ Scam

NFT creators Ethan Nguyen and Andre Llacuna have been arrested in the US for scamming collectors with their ‘Frosties’ series. The 20-year-olds have been charged with fraud and laundering money into different crypto wallets controlled by them. The maximum sentences for their charges could send them into years of jail time as per the US law.