🚨 A 23-year-old young man in California was arrested for defrauding over 22 million USD from NFTs! Gabriel Hay & Gavin Mayo face charges of fraud and threats.

- The U.S. Department of Justice stated that they promoted the NFT project Vault of Gems but then abandoned the investors.

- Other affected projects include Faceless, Sinful Souls, Clout Coin, and many more.

- Authorities are committed to cooperating with law enforcement to eliminate fraud in the digital asset space.

What do you think about the fraud situation in the crypto world? Share your thoughts! 💬