Several investors in the Hashling NFT project have accused its founder of embezzling millions of dollars.
In a statement, the plaintiffs claim that their former business partner, Jonathan Mills, lied about the transfer of Hashling NFT assets and at least $3 million from the Bitcoin mining project to the holding company Satoshi Labs LLC (formerly known as Proof of Work Labs LLC), which is founded and led by Mills.
The investors also stated that they raised a total of $1.46 million from the sale of two NFTs on the Solana and Bitcoin blockchains, but received no profits from their investments.
The Hashling NFT project was born from another idea that Mills initially discussed with one of the plaintiffs, Dustin Stearman. They implemented the idea despite Mills initially telling his future partner that he had neither the money nor the experience working with NFTs to contribute to the project.
To ensure the project's success, they attracted other investors who are now also plaintiffs. Mills even convinced his girlfriend to invest in Hashling NFT.