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Onchain detective Zachxbt has revealed particulars about one other NFT rug pull involving Undertaking Shura. The staff behind the 5000 assortment challenge reportedly made $1.7 million earlier than abandoning it and leaving traders excessive and dry.
Undertaking Shura leaves traders excessive and dry
Undertaking Shura is among the few anime-inspired tasks available in the market that got here after the broadly profitable Azuki launch. It launched in January with a provide of 5,500 NFTs and a 0.09 ETH minting value.
1/ With the hype across the Azuki launch again in January many anime impressed tasks popped up.
A kind of being @Project_Shura a $1.7m rug through which the anon staff deserted the challenge.
Right here I breakdown the place these funds went & uncover an alleged staff member. pic.twitter.com/dCrYCeBGon
— zachxbt (@zachxbt) April 18, 2022
Like related tasks, its roadmap promised merch, manga collection, P2E video games, tokens, manga collection, and so on. It additionally partnered with fashionable YouTuber JRNY to promote it.
As soon as the minting was full in January, the nameless staff of builders began appearing distant earlier than lastly disappearing in February.
They returned on March 16, claiming that it was merely a break and so they’ll proceed growth. However first, they wanted to delete all chat channels attributable to “FUD.” Since then, there have been no updates, and the ground value of the NFT is close to zero.
With 495 ETH in proceeds, Zachxbt began monitoring how the ETH was distributed. He found that the 4 wallets shared the funds and transferred them immediately into central exchanges.
RoySaito allegedly linked to one of many wallets
Thankfully, a kind of wallets turned out to be a public pockets. The pockets which obtained 133 ETH allegedly belonged to the pseudonymous Ox6a referred to as RoySaito_ETH on Twitter. Notably, Roy has launched a brand new NFT challenge known as Shounen.
6/ You may additionally be asking how I tied 0x6a to his Twitter.
Effectively when he made the big buy for Azuki 6541 a Twitter bot recorded his OpenSea identify. pic.twitter.com/lK66S7V88E
— zachxbt (@zachxbt) April 18, 2022
RoySaito allegedly obtained 27% of the entire funds and used the proceeds to flip Azuki NFTs. Zachxbt revealed he might join the pockets to Roy as a result of when he purchased Azuki #6541, a Twitter bot posted about it and included his OpenSea identify.
Roy additionally posted a few giveaway for Azuki #4889, which was additionally in the identical Ox6a pockets. He has allegedly canceled the giveaway and deleted the tweet since.
CryptoSlate reached out to RoySaito on Twitter for feedback however didn’t get a response, and the account was made non-public as of press time.
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