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The founder of an NFT project stole millions from the project, according to investors

The leader of an NFT project has been sued by former business partners for failing to pay them the promised capital returns. Several investors in a non-fungible token (NFT) project, Hashling NFT, have accused its founder of improperly taking millions of dollars in profits from the project and a closely related Bitcoin mining operation.

According to the court filing on May 14 in Illinois, the plaintiffs allege that their former partner, Jonathan Mills, lied about the transfer of assets from Hashling NFT and at least 3 million dollars from the Bitcoin mining project to a holding company, Satoshi Labs LLC (formerly known as Proof of Work Labs LLC), of which Mills is the founder and CEO.

The plaintiffs have sued Mills for fraud and breach of fiduciary duty, claiming that they have not received any of the capital returns that he allegedly promised.

They also claim to have raised a combined total of 1.46 million dollars from two NFT drops on the Solana and Bitcoin blockchains, but did not receive any return on their investment.