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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.

Was Tuan a Baller ape?

As alleged in the indictment, Tuan was involved in the Baller Ape Club, an NFT investment project that purportedly sold NFTs in the form of various cartoon figures, often including the figure of an ape.

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.”

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