If crypto’s pseudonymous economy is to survive this era of NFT rug pulls and token Ponzinomics, then I’ve yet to see a reason why or how it should. Take Thursday’s announcement of fraud charges against two organizers of the “Frosties” non-fungible token blowup. Federal prosecutors alleged 20-year-olds Ethan Nguyen and Andre Llacuna scammed investors in their million-dollar metaverse mumbo jumbo, a collection of cutesy JPEG PFPs (profile pics).
