NFT Partner Absconded With $1 Million in Revenue, Developers Say

An Illinois resident solicited investments, expertise, and labor from five people to create a successful nonfungible token and then stole the money that the project generated, a lawsuit alleges.

Joshua Mills strung the group along “with repeated promises of equity and returns on their equity,” the plaintiffs say in their complaint, filed Tuesday in the US District Court for the Northern District of Illinois. After the NFT project generated more than a million dollars, “Mills simply stole it all” and disappeared, they say.

The plaintiffs—Andrew Hill, Dustin Steerman, three others, and a company associated with Steerman—allege that Mills approached Steerman ...