NFT consultant charged with robbery – Queens Daily Eagle

By Rachel Vick

A man from Queens Village has been charged with robbery for stealing proceeds from a cryptocurrency sale valued at over $ 200,000. The indictment marks the first prosecution for the cybercrime unit of the district attorney’s major economic crimes office.

Nithushan Sachchithanantham, 28, was allegedly tasked with acting as an intermediary in a sale of 3,000 non-fungible tokens – virtual assets bought and sold online – but instead allegedly embezzled $ 233,000 in digital currency for himself .

“Cryptocurrency, NFTs and blockchain may seem difficult to understand, but the wrongdoing alleged in this case is simple: stealing money is a crime,” said Queens District Attorney Melinda Katz . “The victims wanted to sell their digital artwork as non-fungible tokens with technical assistance from the accused. Instead, this website wiz would have helped itself.

Sachchithanantham organized the sale of digital artwork for two of his clients after being hired as a software consultant to develop and prepare for the sale of NFT Solana Swamp.

He created an online wallet and was paid $ 5,400 in cryptocurrency, but after the sale, customers noticed that their profits had been transferred from their wallets to others without authorization. Sachchithanantham is said to have started ignoring customer attempts to communicate.

He is charged with second-degree robbery and unlawful possession of third-degree identification, and faces up to 15 years in prison if convicted.

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