The renowned French influencer Laurent Correira is allegedly behind the Billionaire Dogs Club $960k NFT rugpull. The reality TV star allegedly received over $400k into his digital wallet. The project’s community remains stranded.
Billionaire Dogs Club: a rugpull by Laurent Correira
Back in December 2021, a new project called Billionaire Dogs Club emerged on the NFT scene. The 6,500 collectibles were sold for 0.2 ETH during the public sale. Surprisingly the project included large cash prizes and luxury car giveaways. However, the promotion did not go as planned. As a result, the team reduced the NFT supply to 2,000 digital assets. The project’s social media accounts vanished by magic within a week.
Now the NFT community has presumably identified the culprit as Laurent Correira.
Exposing Laurent Correira’s strategy
Laurent Correira is a French reality TV star, influencer, and NFT collector. Many people follow his social media feed, which reflects a lavish lifestyle.
Yesterday, though, Twitter user @zachxbt showed evidence that ties Laurent Correira to the $960k NFT rugpull.
To begin, the smart contract for the Billionaire Dogs Club has been linked to three wallet addresses. One of these public wallets received over $400k. Surprisingly, that wallet belongs to none other than Laurent Correira.
The visual representation below reveals the rug pull scheme:
Of course, @zachxbt went on to provide evidence that the digital wallet truly belongs to Correira. Accordingly, the wallet address purchased Mutant Ape Yacht Club, CloneX, and Doodle NFTs shortly after receiving the $400k. This information is public on the OpenSea marketplace.
Laurent Correira then changed his profile picture to show the exact MayC NFT he had purchased from the digital wallet. The impressive analysis by @zachxbt included screenshots proving the influencer’s actions:
Are NFT rugpulls on the rise?
Recently, we’ve seen plenty of popular NFT projects turning out to be rugpulls. For example, the Blockverse NFT-powered PVP game devs ran away with over 792 ETH. The debut drop was a big success, selling out in 8 minutes.
The Tokyo Ten rugpull impacted more than 3.5k NFT holders. The project initially seemed like the next big thing, generating over 231 ETH on the secondary market alone. These incidents and Laurent Correira’s alleged rugpull are a stark reminder to DYOR. It’s best to be safe as there aren’t any laws regarding NFTs yet.
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