NFT founder stole millions from Bitcoin project, investors allege
Investors of the Hashling NFT project have accused founder Jonathan Mills of misappropriating millions in profits from both the NFT project and a related Bitcoin mining operation. A court filing in Illinois alleges Mills lied about transferring assets to Satoshi Labs LLC, which he founded. Plaintiffs claim they raised $1.46 million from NFT drops but received no returns, and Mills allegedly ghosted them afterward. They assert he created a flawed shareholder agreement to falsely support his claims regarding asset control, granting himself a 67% equity share while limiting other investors to 2%. Mills reportedly lacked NFT experience and initially claimed he had no funds to contribute. Plaintiffs seek restitution and a constructive trust over the project's assets.
