NFT Investors Sue Founder Over Alleged Misappropriation of Millions

An Illinois court filing alleges that investors in the Hashling NFT project have accused its founder, Jonathan Mills, of mismanaging millions of dollars. The lawsuit claims that Mills misled investors about asset transfers from the project and a related Bitcoin mining operation to a holding company, Satoshi Labs LLC, where he serves as founder and CEO. Plaintiffs allege they invested $1.46 million in two NFT drops on Solana and Bitcoin blockchains but haven’t received any equity returns promised by Mills.