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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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  • NFT
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    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

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    Volume Plunges While Transactions Soar

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

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    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

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    Boxed Memecoins as Collectible Toys

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    Hype fades as NFT platforms lose users

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    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

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    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

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    R-Games and LoveBit Unite to Power ESG-Driven Web3 Gaming

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    Elon Musk’s xAI Launches Waifu Companions for Grok

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    Web3 Meets the Stadium: The Rise of Competitive Ownership

    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

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    Qitmeer Network Forges Partnership with Onmi to Bolster Web3 GameFi Space

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  • AI
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    ETH Daddy Discusses Ethereum and AI

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  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

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Home NFT

ZachXBT Exposes NFT Project Creator of Fabricating Hack to Buy DeGods and y00t

April 4, 2024
in NFT
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ZachXBT Exposes NFT Project Creator of Fabricating Hack to Buy DeGods and y00t
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CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

Volume Plunges While Transactions Soar

On April 3, 2024, ZachXBT revealed that Kyle raised alarm bells in his Discord server, claiming his wallets had fallen victim to a hack.

The prominent blockchain investigator’s findings instead strongly suggested a deliberate transfer of funds rather than an external hack.

Kyle Accused of Faking Hack

While investigating an alleged hack involving a “social gamer,” Kyle, and a less-known NFT project called ‘NuddiesNFT,’ ZachXBT found a disturbing narrative of lies and deception. However, the popular on-chain sleuth uncovered a different story.

Within hours of the purported hack, 94 SOL tokens worth around $12,000 were traced to an exchange deposit address. He then found a destination transaction for 3.42 ETH, worth around $11.7K using time analysis.

The Ether was then used to purchase high-value NFTs, notably DeGods 2921 & y00t 10991, which were promptly transferred to Kyle’s public ENS address.

Kyle reportedly blatantly flaunted the ill-gotten gains, featuring the DeGods NFT as his profile picture on social media platforms. This brazen display is compounded by their post-hack behavior, where they shifted gears to share motivational quotes in Discord, seemingly oblivious to the blockchain’s indelible record of his actions.

ZachXBT’s latest investigation, however, serves as a sobering reminder of the transparency inherent to blockchain technology despite the rampant scams and rug pulls.

Shortly after ZachXBT’s post, Kyle deleted his X (formerly Twitter) account.

As for NuddiesNFT, the project said that its creator wallet was replenished with $12K. The private keys, on the other hand, were entrusted to two community members. After removing Kyle, new owners were also roped in to monitor the project.

See also  NFT market had its best quarter since early 2023, DappRadar says

While certain investors remained hopeful about the project, others claim that Nuddies is yet another fraudulent NFT project that would rug pull soon.

ZachXBT Unmasking Frauds

ZachXBT has been exposing popular influencers for promoting questionable tokens and projects, investigating suspicious activity, and exposing fraudulent entities since 2021. His targets range from Crypto Rover, BitBoyCrypto’s Ben Armstrong, Lark Davis, DannyCrypt, and many more.

The detective even pointed a finger at American YouTuber Logan Paul.

Tags: buyCreatorDeGodsExposesFabricatinghackNFTProjecty00tZachXBT

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What Bitcoin, Ethereum exchange flows say about the crypto market’s future

What Bitcoin, Ethereum exchange flows say about the crypto market’s future

July 1, 2024

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