7 Crypto Projects That Were Total Scams (February 2022 Edition)

You know that NFT mission, the Bored Ape Yacht Club? What if that, however like…. all of the apes had been jacked?

When the Jacked Ape Club launched, it promised 8,888 NFTs on the market, drawing inspiration from the largest NFT assortment in existence, the Bored Ape Yacht Club. But these apes had been jacked, you see—muscle-bound apes that had been swole as hell. Unfortunately for individuals who invested, all of it got here crashing down.

When simply 3,200 of the NFTs offered, the founders “burned” the remaining provide, whereas telling everybody the mission had fully offered out. Then, 13 different wallets obtained massive payouts totaling $1.4 million value of crypto, leaving simply $530 within the mission.

A cofounder on the mission, who goes by the identify Dylan, insists his mission wasn’t a rip-off, however acknowledges he received a big payout. That payout, he insists, went to salaries. Dylan, nevertheless, says he’s “no longer associated with the project.”