Solana-based NFT challenge Iconics seems to have pulled off a rug pull, defrauding unsuspecting traders of over $130,000.
Iconics NFT rug pull will get 1000 SOL
The challenge was the brainchild of an unidentified 17-years-old 3D digital artist, who did not ship on his promise and disappeared with investor’s funds.
Iconics have been presupposed to be 8,000 NFTs of 3D-like bust of collectible figurines, with the creator producing 14 samples of the work on Discord.
The presale was held yesterday the place 2000 NFTs have been bought at a base worth of 0.5 SOL. Nevertheless, as an alternative of receiving their minted “high quality artwork,” consumers solely acquired a random assortment of emojis as an alternative.
Unsurprisingly, after the dud gross sales, the Iconics Discord Channel went offline, and its official Twitter deal with was additionally deleted. Obtainable data on Blockchain data additionally reveals that the fraudster bought round 1000 items of Solana which at its present worth is price $138,000 —these funds have been unfold throughout varied accounts.
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Victims of the fraud have been United of their grief as they’ve created a brand new Discord channel the place they’re discussing their losses and, on the similar time, try to proceed the challenge.
One of many consumers of the challenge, Sol Large Mind, took to Twitter to lament the rip-off. He tweeted “Rattling.. @IconicsSol simply RUGGED. Did a presale for 2k at .5 and made off with I feel 1000 SOL … Sorry to anyone who took the L right here. I minted a bunch additionally as artwork seemed good. Lesson Discovered.”
Rattling.. @IconicsSol simply RUGGED. Did a presale for 2K at .5 and made off with I feel 1000 SOL.
FUCK YOU SCAMMERS!!
Sorry to anyone who took the L right here. I minted a bunch additionally as artwork seemed good. Lesson Discovered.
Onwards, with that out of the best way lets concentrate on the GOOD STUFF!
— S◎L Large Mind (@SOLBigBrain) September 30, 2021
His tweet drew the sympathy of different NFT lovers locally with a few of them advising that “people ought to begin placing names with tasks.” Some noticed the enjoyable aspect of it, labeling it the “ImojiDAO” and “emoji membership.”
Already, quite a lot of tasks, like Anti Social Robots Club, SGF, Skyline, Waifu DAO Solana and others within the Solana NFT group have supplied free airdrops of NFTs to victims of the fraud.
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