There has been a scam incident in the NFT domain. Evil Ape, creator of Evilved Apes NFTs, apparently stole $2.7 million worth of Ethereum (ETH) from investors. The person’s Twitter account and website disappeared.
NFT creator escaped – 2.7 million Ethereum lost
The creator of the popular Evolved Apes NFT series appears to have escaped with $2.7 million worth of investor funds. The creator’s nickname “Evil Ape” is no longer on social media platforms and his website has gone offline as well. The Evolved Apes series is a collection of 10,000 NFTs “trapped in a lawless land” where only the strongest apes can survive, the fittest. The currently missing 798 Ether is intended to be used for the development and marketing of the project.
Now, according to many, the scam has affected many stakeholders, from users in the Evolved Ape space to NFT creators. The artist of the project had not been paid, and that was just one of the things that hinted at a rug-pull happening. However, there is a situation that may be in favor of investors. The owners of the NFTs will revive the series as Fight Back Apes. This way they can continue their legacy as owners of NFTs and get back some of their lost funds. This new series will ensure that Evil Ape does not have access to funds when using a multi-signature wallet.
There are still many scams in the NFT industry. For example, cryptocoin.com As we reported, a fake Banksy artwork in NFT form was sold for $336,000 after the original Banksy website was hacked a week ago.
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