Twitter user and blockchain detective @zachxbt took a deep dive into the Project Shura scandal. He specifically uncovered the details about the $1.7m rugpull, in which the anon team abandoned the project.Who’s behind the Project Shura rugpull? One blockchain detective uncovers it all.What is Project Shura?Project Shura is a collection of 5,500 NFTs, created by the Japanese underground artist Akihiro. The minting for the project went live in early January. There were 5,500 pfp NFTs, each costing 0.09 ETH. It quickly pulled people in, as the roadmap advertised perks such as free merchandise, a P2E game, a social token and more. The team even marketed Project Shura through YouTuber JRNY!After the launch, the team disappeared for a whole month. Following this, they reappeared in March, claiming they took a break but still closed all Discord chat channels due to backlash. On the 18th of March, there were zero new updates, and the floor was at 0 ETH.@zachxbt’s detective workThis was when @zachxbt smelled a rat. He tracked down the $1.75m to see where they money went. According to @zachxbt, “Majority of the 495 ETH was split between 4 wallets & transferred directly to CEXs. However 133 ETH+ of it led to someone’s public wallet.”Flow of transactions, as laid out by @zachxbt.@zachxbt connected this public wallet to @RoySaito_ETH (0x6a), who received 26% of the Project Shura funds. In turn, @RoySaito_ETH (0x6a) used the money to flip Azuki NFTs on his wallet in late January.@zachxbt warned everyone that @RoySaito_ETH (0x6a) recently founded a new project, SHOUNEN. It seems like this serial scammer has met his match! Hopefully, @zachxbt’s warning means that no one else is scammed by @RoySaito_ETH (0x6a).Are you tired of missing important NFT drops?Just check out our NFT Calendar!Receive the biggest NFT news of the day & recommendations in our Daily newsletter. All investment/financial opinions expressed by NFTevening.com are not recommendations.This article is educational material.As always, make your own research prior to making any kind of investment.
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Blockchain Detective Reveals Secret Behind NFT Rugpull Project Shura
