Blockchain community busts alleged $20M NFT drop scam before sale completion By Cointelegraph
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Late Wednesday, internet detective and Youtuber Coffeezilla published a new video documenting how he, along with members of the blockchain community, took down an alleged $20 million nonfungible tokens, or NFT, scam before it could come to fruition. As told by Coffeezilla, a lot of user hype previously existed for a novel crypto project called “Squiggles,” which had an NFT drop scheduled for Feb. 10. At the time, Squiggles had amassed over 230,000 followers on Twitter (NYSE:).
Hours before the anticipated drop, an anonymous user published a 60-page report that alleged Squiggles’ founders were paid puppets. At the same time, the real people behind the project allegedly belonged to a group of serial NFT scam artists operating under the umbrella name “NFT Factory LA.” Coffeezilla narrates while citing the dossier:
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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Late Wednesday, internet detective and Youtuber Coffeezilla published a new video documenting how he, along with members of the blockchain community, took down an alleged $20 million nonfungible tokens, or NFT, scam before it could come to fruition. As told by Coffeezilla, a lot of user hype previously existed for a novel crypto project called “Squiggles,” which had an NFT drop scheduled for Feb. 10. At the time, Squiggles had amassed over 230,000 followers on Twitter (NYSE:).
Hours before the anticipated drop, an anonymous user published a 60-page report that alleged Squiggles’ founders were paid puppets. At the same time, the real people behind the project allegedly belonged to a group of serial NFT scam artists operating under the umbrella name “NFT Factory LA.” Coffeezilla narrates while citing the dossier:
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.