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Monday, December 4, 2023

NFT developer runs away with $ 2.7 million

The NFT developer ran away with $ 2.7 million. But investors don’t want to give up without a fight.

As the official Evolved Apes We bsite and the twitter account had disappeared, some alarm to the NFT investors alarm bells -and that too cope. Because not only the social media presence of the NFT Games was swallowed by the earth, but also the original developer “Evil Ape” – and with him 798 Ether . (Also Read: After Bitcoin in El Salvador, a stablecoin in Peru – Stellar (XML) seduces Latin America)

Opposite Vice reveals now the anonymous spokesman for the remaining Ape community, Mike Crypto Bull that some investors their NFT prices sweepstakes marketing would never have obtained from a. In addition, the artistic performance behind the NFT project was never paid for. After the scam was exposed during a Discord session on October 1, the community’s original leadership also deleted their gaming communication channel. It seems like you want to turn off all contact options.

“By the Apes, for the Apes”

But the exit scam is not so easy to get the NFT community down. Despite the gloom in the air, investors pulled together and founded Fight Back Apes . The new community describes itself as “NFT Community by the Apes, for the Apes”, which does not want to follow in the footsteps of its former monkey administration. Accordingly, Fight Back Apes now have a “jointly created NFT” that follows a voting system.

In addition, the new community has introduced a multisig wallet. In this way, Fight Back Apes ensures that the digital wallet can only be used for transactions with several keys.

Meanwhile, the outside NFT community shows empathy towards the victims of the “ape scam”. Various projects offer their support. For example, the co-founder of Sneaky Vampire Syndicate is planning an as yet unspecified number of advance sales points for future mints in order to put those affected off. In addition, Political Punks wants to reserve 200 advance booking options in order to “welcome” the worried Apes with open arms. (Also Read:“Bitcoin is a great store of value” says Mark Cuban)

As previously reported by City Telegraph , scams unfortunately happen again and again in the still little regulated crypto scene. The Apes Rug Pull is not an isolated case here. In this context, the Ape investor emphasizes on Twitter that “you should always only invest what you are willing to lose”. This applies above all to projects in the NFT area.

While the project is still listed on the NFT Marketplace OpenSea , there is a clear challenge from Mike Cryptobull:

We team up and fight back against the thief Evil Ape!

Mike Cryptobull on Twitter

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