Latvian NFT Artist €8.7 Million Earnings Seized Over Allegations of Money Laundering

    0
    471

    The Latvian government has put a hold on the earnings of NFT artist Ilya Borisov, which are worth about €8.7 million. This is because money laundering is suspected. If he is found guilty, he could go to jail for up to 12 years.

    Borisov says that the government filed a case against him in February 2022, but he didn’t find out about it until May, which is three months later.

    Borisov said that 3,557 NFT releases brought in €8.7 million during the NFT market’s peak in 2021.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here