TechFlow news, on February 15, according to The Block, Austin Michael Taylor, founder of the Miami-based cryptocurrency project CluCoin, was sentenced to 27 months in prison for wire fraud and ordered to pay $1.14 million in restitution.
Taylor launched the CLU token on BNB Chain in 2021, followed by the Goobers NFT collection, Web3 game Gridlock, and metaverse platform Xenia. In early 2023, he admitted to using investor funds for online gambling and losing the money. The CLU token once reached a market capitalization of $17 million but is now valued at only $54,000. The floor price of Goobers NFT previously peaked at 55.25 ETH before experiencing a significant price collapse.




