A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew.
On-chain sleuth ZachXBT revealed the alleged misuse of funds by the CTO of NFT project Nuddies NFT. In a now-deleted post, its CTO Kyle explained that the project was “derugged from its previous founder” and built differently from other NFT projects.
According to the crypto detective, Kyle faked a hack that seemingly stole the project’s funds. On March 3, the alleged culprit posted on the Nuddies NFT Discord server, informing us of the hack.
The post affirmed that Kyle’s Mac was hacked despite “not clicking in any malicious link.” The CTO concluded that a “zombie process” was on his computer for an undetermined period.
~Maybe the CTO thought Nuddies is going nowhere and decided to shut it down. The amount is probably enough to launch the next
This is a very interesting rugpull story and to think that it just involved 94 SOL which is just around $17K at the current market price.
This is a very interesting rugpull story and to think that it just involved 94 SOL which is just around $17K at the current market price. Oh well, this is just telling us how low scammers can get in fooling people as they would fly away in the face of challenges confronting them.
I saw nuddies... :)Funny that I was tempted to look it up earlier as well but no ;D
I opened the NFT explorer :-[
I saw this https://solanart.io/collections/nuddies :'(
Common it was supposed to be something else, not clothed-up jpgs!!!
I have noticed that the investors who have got their interest in Solana meme coins often get rugged by such rug-pullers. Each day we see 100's of new Solana based meme coins that are basically nothing but rug-pulls. There are very few decent Solana based meme coins but due to craze many rug-pullers have got success in rug-pulling the money out of the investors who believe in Solana based meme coins.It is hard to believe there is a "decent meme token" to begin with. Most of the time that term is used for projects that managed to pump heavily so a lot of people managed to profit from it, not necessarily because it offers anything special. I hope meme coins can die so no scammers can easily profit from creating 100x meme tokens whenever a bull run happens. It would be even better if people stopped fomoing on these projects and pivoted their money to BTC.
This is a very interesting rugpull story and to think that it just involved 94 SOL which is just around $17K at the current market price. Oh well, this is just telling us how low scammers can get in fooling people as they would fly away in the face of challenges confronting them. Let's hope that there will be many stories like this in 2024 and 2025 as we are expecting more people to be coming in to the cryptocurrency industry. This again solidifies my conviction to never get involved with NFT not unless am just receiving them for free.
I hope meme coins can die so no scammers can easily profit from creating 100x meme tokens whenever a bull run happens.I also hope that but to be honest such traps don't die so soon and many investors lose millions because of the meme season craze.