On January 11, scammers conducted one of the largest NFT coin rug pulls in the history of Solana Blockchain. The scammers got away with 9,136 SOL worth of funds (approximately $1.3 million) sent to print the collectors “Big Daddy Ape Club” NFTs. There was no NFT. cryptocoin.com We convey the details of the event as…
NFT coin scam became the agenda: SOL loss of $ 1.3 million
Big Daddy Ape Club has been introduced as a collection of 2222 monkey-themed NFTs that will be printed on the Solana Blockchain and listed on the Solanart NFT marketplace. But it turned out to be a classic rug pull. The concept of “rug pull” describes the type of scam in which the team behind a project collects funds and flees. The folks behind Big Daddy Ape Club managed to get away with 9,136 SOLs of funds despite the NFT launch being “verified” by decentralized authentication company Civic.
Recently, Civic started operating as an NFT auditing and verification service in Solana. Civic announced in late December that it has “verified” the Big Daddy Ape Club through its Verified by Civic Pass program. The company says it designed the program as a free service for creators to verify their real-world identities and build trust in their communities. But Big Daddy Ape Club abused that trust.
Civic now says it’s working with law enforcement to find those responsible for the scam. Civic CEO Chris Hart tweeted the following on the day NFTs should be minted:
We are aware of the reported Big Daddy Ape Club rug pull and the victims involved. We take this attack on the NFT community seriously and are taking steps to offer all we can help.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.