Onchain detective Zachxbt has revealed particulars about one other NFT rug pull involving Challenge Shura. The workforce behind the 5000 assortment challenge reportedly made $1.7 million earlier than abandoning it and leaving traders excessive and dry.
Challenge Shura leaves traders excessive and dry
Challenge Shura is without doubt one of the few anime-inspired initiatives out there that got here after the extensively profitable Azuki launch. It launched in January with a provide of 5,500 NFTs and a 0.09 ETH minting worth.
1/ With the hype across the Azuki launch again in January many anime impressed initiatives popped up.
A type of being @Project_Shura a $1.7m rug by which the anon workforce deserted the challenge.
Right here I breakdown the place these funds went & uncover an alleged workforce member. pic.twitter.com/dCrYCeBGon
— zachxbt (@zachxbt) April 18, 2022
Like related initiatives, its roadmap promised merch, manga collection, P2E video games, tokens, manga collection, and many others. It additionally partnered with common YouTuber JRNY to promote it.
As soon as the minting was full in January, the nameless workforce of builders began performing distant earlier than lastly disappearing in February.
They returned on March 16, claiming that it was merely a break they usually’ll proceed growth. However first, they wanted to delete all chat channels as a consequence of “FUD.” Since then, there have been no updates, and the ground worth 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 straight 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 generally known as RoySaito_ETH on Twitter. Notably, Roy has launched a brand new NFT challenge referred to as Shounen.
6/ You may also be asking how I tied 0x6a to his Twitter.
Effectively when he made the massive 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 couple of 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 personal as of press time.
