What happened to Baller Ape Club?

According to the report, after the first day Baller Ape Club NFTs were publicly sold, Tuan and his co-conspirators engaged in what is known as a "rug pull," ending the purported investment project, deleting its website, and stealing the investors' money. Traun collected close to $2.6 million from the Baller Ape NFT scam.

How much money did Traun collect from Baller ape NFT buyers?

Traun allegedly collected $2.6 million from Baller Ape NFT buyers, only to shortly thereafter delete the organization’s website and launder the funds. According to the Justice Department, he converted the ill-gotten gains into different cryptocurrencies and moved them across multiple blockchains, in a practice known as “chain-hopping.”

What happened to Baller Ape creator Le Anh Tuan?

The DOJ has charged 26-year-old Le Anh Tuan, creator of Baller Ape NFT, for promoting his project to gain sales and then quickly shutting down the project, fleeing with investors’ money. According to various sources, Tuan allegedly looted $2.6 million from his project’s investors, only to disappear from the public with the stolen money.