In a detailed thread, @itstylersays was accused of rug-pulling his FUD Token NFT Project. These accusations are detailed in the Twitter thread of @NFTherder, a popular ‘on chain analyst’. The thread also includes @digitalartchick.
By doing this, @NFTherder hopes to remind everyone and raise awareness about the ‘rug pull’ project. This project and its allegations are well-known to many people in the NFT community. It was a while ago. But, it won’t happen to newcomers to this community.
FUD Token rug pull highlights dangers of NFT influencers
In the first tweet by NFTherder about FUD Token, they said, “Time to FUD @itstylersaysFUD token rug pull project and see how he likes it. It was a scheme he and Artchick created: some code, same art, same shilling, and ultimately same rug And Artchick walked away with 55 $eth.”
The following tweets went on show data and images that seem to correspond to the accusations. There are also striking similarities between Attention Token and FUD Token.
The code and the images used in each NFT project are remarkably similar. It is clear that there was very little difference between projects except for the names.
DYOR when entering NFT projects
Both Fud Token and Attention Token are long gone and no longer live projects. The NFT creators remain involved in the community.
Most NFT projects are legitimate, but a small number are just an attempt to part you from your hard-earned money, so take caution. When you are considering which NFT project to invest in, always take time to research and look out for red flags.
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This article is educational material.
As always, make your own research prior to making any kind of investment.