Investors in the Hashling NFT project have accused the founder of misusing millions of dollars in profits and assets. The plaintiffs claim that Jonathan Mills, the founder, transferred funds from Hashling NFT and a Bitcoin mining operation to his holding company, Satoshi Labs LLC. They allege fraud and breach of fiduciary duty, stating they did not receive promised returns. Despite raising $1.46 million from NFT drops, they received no profits. Mills allegedly manipulated a shareholder agreement to control project assets. He assured investors of unchanged equity stakes despite changes in company name. The project stemmed from an idea discussed with one investor, who recruited others for NFT art and marketing. The plaintiffs seek legal action and restitution. Mills did not respond to requests for comment. The case highlights potential risks in NFT and cryptocurrency investments. Read more AI-generated news on: https://app.chaingpt.org/news

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