Investors from the Hashling NFT project have accused founder Jonathan Mills of misappropriating millions from both the NFT initiative and a connected Bitcoin mining operation. In a court filing from May 14 in Illinois, the plaintiffs claim Mills failed to pay promised equity returns and misled them regarding asset transfers to a holding company he manages. They allege that despite raising $1.46 million from NFT drops, no returns were distributed. The lawsuit cites instances of fraudulent behavior, including a flawed shareholder agreement that granted Mills a 67% equity share while limiting other investors to just 2% for much higher contributions. Mills, who initially claimed he had no funds to invest in the project, is now being sued for fraud and breach of fiduciary duty, with plaintiffs seeking a constructive trust over project assets and full restitution.

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