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Aurelien Michel, the designer of " #MutantApePlanet " NFTs, pleaded guilty to wire fraud at a federal courthouse in Brooklyn, New York. He admitted to running a fraudulent scheme that promised investors giveaways, tokens, and other benefits, only to withdraw nearly $3 million from cryptocurrency wallets after selling out the #NFTs . Acting Special Agent-in-Charge Thomas Fattorusso condemned Michel's actions, stating that he defrauded investors by turning their dreams into a nightmare of deception and losses. Michel, a French citizen residing in the UAE, was arrested at JFK Airport in January 2023. The fraudulent NFTs were knockoffs of the #MutantApeYachtClub NFTs and sold for approximately $500 each on the Ethereum blockchain. Michel acknowledged the scheme in a Discord chat, mentioning community toxicity and taking responsibility for their actions. United States Attorney Breon Peace emphasized the importance of holding such criminals accountable and protecting the public in the rapidly evolving digital asset market. Michel agreed to forfeit $1.4 million and could face up to five years in prison, with the sentencing date yet to be determined.
Aurelien Michel, the designer of " #MutantApePlanet " NFTs, pleaded guilty to wire fraud at a federal courthouse in Brooklyn, New York. He admitted to running a fraudulent scheme that promised investors giveaways, tokens, and other benefits, only to withdraw nearly $3 million from cryptocurrency wallets after selling out the #NFTs . Acting Special Agent-in-Charge Thomas Fattorusso condemned Michel's actions, stating that he defrauded investors by turning their dreams into a nightmare of deception and losses. Michel, a French citizen residing in the UAE, was arrested at JFK Airport in January 2023. The fraudulent NFTs were knockoffs of the #MutantApeYachtClub NFTs and sold for approximately $500 each on the Ethereum blockchain. Michel acknowledged the scheme in a Discord chat, mentioning community toxicity and taking responsibility for their actions. United States Attorney Breon Peace emphasized the importance of holding such criminals accountable and protecting the public in the rapidly evolving digital asset market. Michel agreed to forfeit $1.4 million and could face up to five years in prison, with the sentencing date yet to be determined.
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#NFT MARKET OVERVIEW                    TOP COLLECTION          #MutantApeYachtClub - 24H Volume $1.38M                    TOP SALE         #CryptoPunkW#3663 - $218.25K                    TOP MARKETPLACE          #Blur - 24H Volume $7.64M
#NFT MARKET OVERVIEW         
         
TOP COLLECTION         
#MutantApeYachtClub - 24H Volume $1.38M         
         
TOP SALE         #CryptoPunkW#3663 - $218.25K         
         
TOP MARKETPLACE         
#Blur - 24H Volume $7.64M
Top 5 NFTs Ranked by Highest Price Stats on CoinMarketCap- CoinMarketCap ranks NFTs based on their 24-hour trading volumes. 1.DeGods #DeGods is a collection of 10,000 NFTs originally built on the Solana blockchain but have since moved to Ethereum. It is a profile picture-type NFT collection featuring unique combinations of attributes created using an algorithm. CoinMarketCap’s data shows that DeGods traded 1,943.17 ETH in volume in the past 24 hours and has an estimated market cap of 64,749.77 ETH. 2.BoredApeYachtClub (BAYC) #BoredApeYachtClub is an Ethereum-based NFT collection that doubles as membership access to an online club. It is a collection of 10,000 unique NFTs featuring distinctive profile pictures of cartoon apes. BAYC’s 24-hour trading volume on CoinMarketCap is 1,107.72 ETH, with an estimated market cap of 299,315 ETH. 3. MineablePunks (mpunks) #MineablePunks are Ethereum-based NFTs generated using cryptopunk assets, all on-chain. It is a class of NFT that can only be mined, and the mining difficulty increases as more mpunks get minted. In the past 24 hours, mpunks has traded 900.01 ETH, according to CoinMarketCap. The collection’s estimated market cap is 64.28 ETH. 4. MutantApeYachtClub (MAYC) #MutantApeYachtClub is an offshoot of the BoredApeYachtClub. The MAYC is also based on the Ethereum blockchain and has 20,000 unique NFTs in its collection. MAYC can only be created by exposing an existing Bored Ape to one of another collection of NFTs called “Mutant Serum” or by minting a Mutant Ape in the public sale. CoinMarketCap’s data shows that MAYC traded a 769.99 ETH volume in the past 24 hours and has an estimated market cap of 115,571.03 ETH. 5. Dreadfulz #Dreadfulz is an Ethereum-based NFT collection of 7,777 villainous NFTs. Holding Dreadfulz provides users with a staking opportunity to earn DREAD, a utility token within the Dreadfulz ecosystem. According to CoinMarketCap, Dreadfulz traded 762.77 ETH in volume in the past 24 hours, with an estimated market cap of 68.44 ETH.
Top 5 NFTs Ranked by Highest Price Stats on CoinMarketCap-

CoinMarketCap ranks NFTs based on their 24-hour trading volumes.

1.DeGods

#DeGods is a collection of 10,000 NFTs originally built on the Solana blockchain but have since moved to Ethereum. It is a profile picture-type NFT collection featuring unique combinations of attributes created using an algorithm. CoinMarketCap’s data shows that DeGods traded 1,943.17 ETH in volume in the past 24 hours and has an estimated market cap of 64,749.77 ETH.

2.BoredApeYachtClub (BAYC)

#BoredApeYachtClub is an Ethereum-based NFT collection that doubles as membership access to an online club. It is a collection of 10,000 unique NFTs featuring distinctive profile pictures of cartoon apes. BAYC’s 24-hour trading volume on CoinMarketCap is 1,107.72 ETH, with an estimated market cap of 299,315 ETH.

3. MineablePunks (mpunks)

#MineablePunks are Ethereum-based NFTs generated using cryptopunk assets, all on-chain. It is a class of NFT that can only be mined, and the mining difficulty increases as more mpunks get minted. In the past 24 hours, mpunks has traded 900.01 ETH, according to CoinMarketCap. The collection’s estimated market cap is 64.28 ETH.

4. MutantApeYachtClub (MAYC)

#MutantApeYachtClub is an offshoot of the BoredApeYachtClub. The MAYC is also based on the Ethereum blockchain and has 20,000 unique NFTs in its collection. MAYC can only be created by exposing an existing Bored Ape to one of another collection of NFTs called “Mutant Serum” or by minting a Mutant Ape in the public sale. CoinMarketCap’s data shows that MAYC traded a 769.99 ETH volume in the past 24 hours and has an estimated market cap of 115,571.03 ETH.

5. Dreadfulz

#Dreadfulz is an Ethereum-based NFT collection of 7,777 villainous NFTs. Holding Dreadfulz provides users with a staking opportunity to earn DREAD, a utility token within the Dreadfulz ecosystem. According to CoinMarketCap, Dreadfulz traded 762.77 ETH in volume in the past 24 hours, with an estimated market cap of 68.44 ETH.
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