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Reading: NBA Playing Scandal: no less than $400,000 in ETH seized
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Michigan Post > Blog > Crypto & Web 3 > NBA Playing Scandal: no less than $400,000 in ETH seized
Crypto & Web 3

NBA Playing Scandal: no less than $400,000 in ETH seized

By Editorial Board Published October 29, 2025 4 Min Read
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NBA Playing Scandal: no less than 0,000 in ETH seized

A defendant named in a bombshell unlawful playing case involving NBA coach and corridor of famer Chauncey Billups has seen no less than $400,000 in ether (ETH) faraway from his pockets, possible seized by the FBI.

Alleged cash launderer, Anthony Shnayderman, had 100 ETH moved out of his pockets six days in the past following a take a look at transaction — an indication that implies the FBI or one other authorities entity has taken management of the pockets.

Shnayderman, who makes use of a Bored Ape because the avatar for his quite a few social media accounts, has been something however discreet about his involvement with unlawful sports activities playing and repeatedly reached out to people on X to guarantee them he may choose winners.

It’s unclear if anybody took him up on his gives.

One other crypto bro and X consumer “FreeMoose_NBA,” aka Mustafa Omar, was interviewed on the Pablo Torre Present months in the past, describing what appears to be a crew of NBA-adjacent gamblers, launderers, and fixers.

Shnayderman sued OpenSea and PayPal

Whereas allegedly dishonest on sports activities bets and serving to against the law syndicate transfer cash, Shnayderman additionally paid attorneys to deliver lawsuits in opposition to quite a few main monetary and cryptocurrency firms.

In 2022, after having cash frozen in his private PayPal account — a “restriction” was positioned on roughly $130,000 in money and crypto — for “alleged participation in gambling activities, and links to multiple accounts with limited access and unresolved negative balances,” Shnayderman introduced a lawsuit in opposition to the corporate.

He sought over one million in {dollars} in punitive and compensatory damages.

In an ironic coincidence, Shnayderman additionally filed a category motion lawsuit in opposition to OpenSea, alleging that the platform was promoting unregistered securities — “unregistered securities” he appeared fairly proud to brag about on Instagram and X.

The case was voluntarily dismissed.

Huge crypto spender, zealous firm creator

Shnayderman by no means portrayed himself as humble or mushy spoken and appears to have upset his justifiable share of fellow cryptocurrency and NFT merchants.

Certainly, no less than one different Bored Ape purchaser was satisfied Shnayderman had ripped him off by shopping for his “forever ape” beneath the ground worth after it was stolen by a bot.

Shnayderman bought the bored Ape featured in his profile in 2022 for about $280,000 and it’s nonetheless in his account. Certainly, not one of the NFTs in Shnayderman’s pockets have been put up for public sale because the Division of Justice indicted him.

Curiously, over the previous few years, Shnayderman has taken to spinning up no less than 50 firms in Florida, spending tens of 1000’s of {dollars} merely creating companies.

These embrace consulting companies, eating places, hospitality companies, advertising and marketing firms, and quite a few different kinds of organizations.

TAGGED:ETHGamblingNBAscandalseized
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