🚨 Breaking News in the Crypto World! 🚨

Mutant Ape Planet developer, Aurelien Michel, has been ordered to forfeit $1.4M and pay a $15K fine for his role in a rug pull scheme. 🦧💸

- Michel, who admitted to the fraud on social media, was sentenced to a one-month lockup (already served) by U.S. District Judge Margo Brodie.

- The Mutant Ape Planet NFT collection, a knockoff of the popular MAYC, saw its value plummet since its launch in January 2022.

- Despite the $2.9M collected, the court acknowledged that buyers did receive some digital artwork, though its value remains "unclear."

What are your thoughts on this wild ride? Share in the comments! 👇