The founder of an NFT project stole millions from a Bitcoin project, investors allege

Investors have filed a lawsuit against Jonathan Mills, alleging that he defrauded them by misappropriating funds from a Bitcoin mining project and misrepresenting asset transfers to a holding company. They are seeking restitution and a constructive trust over the project’s assets.

The investors claim Mills created a flawed shareholder agreement to benefit himself disproportionately and failed to pay promised equity returns. They argue they collectively raised 1.46 million USD from NFT sales but didn’t receive any returns on their investments.

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