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![BTCTN Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3367334171.png) Bitcoin.com News [@BTCTN](/creator/twitter/BTCTN) on x 3.2M followers
Created: 2025-02-16 07:31:54 UTC

Crypto fraud just took another hit! 🚨

Austin Michael Taylor, the founder of Clucoin, is heading to prison for XX months. The charge? Wire fraud. He’s also on the hook for $1.14M in restitution.

Taylor built hype around Clucoin, pulling in investors with big promises—NFTs, gaming, the metaverse. Even hosted “NFTCon” in 2022. But behind the scenes? He drained $1.14M from investor funds… and lost it all gambling online.

The FBI stepped in, and now Taylor is paying the price. Victims were even notified via NFT. You can’t make this up.

Another crypto scandal, another high-profile sentencing. But the big question: Is this a warning sign for NFT and metaverse projects, or just one bad actor?


XXXXXX engagements

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**Related Topics**
[investment](/topic/investment)
[gaming](/topic/gaming)
[$114m](/topic/$114m)
[bitcoincom](/topic/bitcoincom)
[clucoin](/topic/clucoin)
[coins defi](/topic/coins-defi)
[coins bsc](/topic/coins-bsc)

[Post Link](https://x.com/BTCTN/status/1891027709209240054)