Pixel Penguins, an NFT undertaking allegedly created by an artist battling most cancers, has been uncovered as a rip-off utilizing stolen artwork.
How Pixel Penguins NFTs Grew to become In style
On Could 30, crypto influencer Andrew Wang wrote a Twitter thread detailing how self-proclaimed pixel artist Hopeexist1 battled eye most cancers and created digital artwork for the group.
Wang urged his group to contribute to the artist’s hospital payments by buying his works. He added:
“I hear quite a bit that web3 is not what it was once, and I am typically responsible of being a complainer greater than something. Reality is web3 is what we wish it to be, and d n the one hand, the artists right here have not stopped creating. We do not have to decide on them, however we won’t faux they do not exist.
The thread, alongside a number of others, coming quickly garnered sympathy and the eye of the entire group who’ve donated to the trigger.
This elevated publicity allowed the gathering to promote out shortly and development on OpenSea. Nonetheless, additional scrutiny from the group quickly revealed that the NFTs had been stolen artwork and the particular person didn’t have most cancers.
The scammer revamped $100,000
In a Could 31 Twitter threadblockchain investigator ZachXBT stated the Pixel Penguin contract has 61,686 ETH price over $117,000.
ZachXBT additional revealed that the scammer transferred 63.5 ETH from the rip-off to 2 new recipients on the OKX crypto trade.
In the meantime, the scammer has since deactivated his Twitter account, and the ground worth for the gathering has dropped 86% to 0.004 ETH from a excessive of 0.075 ETH on OpenSea. In accordance with NFT market knowledge, Pixel Penguins had 6,582 gross sales and its quantity was 216 ETH.
Furthermore, Wang apologized for sharing the gathering, saying he believed it was actual.
Publish NFT artist who allegedly battled most cancers turned out to be a rip-off appeared first on forexcryptozone.
