Episode 185
📍 Two California men, Gabriel Hay and Gavin Mayo, have been charged with orchestrating a $22 million NFT rug pull scheme on Ethereum and Solana blockchains.
📍 The duo allegedly lured victims with false claims and misleading project roadmaps, collecting millions before abandoning the projects and leaving investors with significant losses.
📍 Meanwhile, in the broader crypto market, Dogecoin has plummeted 23% over the past week, while Bitcoin and XRP have also experienced substantial declines after recent surges.
📍 Other major cryptocurrencies, including Ethereum, Solana, and Cardano, have also seen significant losses, with some experiencing declines of up to 19% over the past week.
📍 The recent downturn marks a shift in momentum for the crypto market, which had seen upward strides in recent weeks, with some coins reaching multi-year highs.
