Two California men, Gabriel Hay and Gavin Mayo, have been charged with orchestrating a $22 million NFT rug pull scheme, marking the largest NFT fraud case prosecuted by the U.S. Department of Justice. They allegedly misled investors with false claims about various NFT projects on the Ethereum and Solana blockchains, before abandoning them and leaving investors with losses. If convicted, they face up to 20 years in prison for conspiracy and wire fraud, along with five years for stalking a project manager who exposed their activities.