NFT Scandal Unfolds: Investors Sue Founder Over Missing Millions!!!!
Can trust be rebuilt in NFT projects after repeated founder scandals????
Several investors have filed a lawsuit against Jonathan Mills, founder of the Hashling NFT project, accusing him of misappropriating millions from both the NFT initiative and a related Bitcoin mining venture.
They claim Mills redirected over $3 million to his company, Satoshi Labs LLC, without delivering promised returns.
The plaintiffs say they raised $1.46 million through NFT sales on Solana and Bitcoin blockchains but received no equity or profits.
Mills allegedly used a flawed agreement to retain 67% voting control, while investors were left with minimal stakes and no say.
The lawsuit, filed in Illinois, demands full restitution and a constructive trust over all project assets.
As the case unfolds, it raises serious concerns about founder accountability in NFT startups.
