The Pixelmon Rugpull: Criminals Flee with $70 Million Dollars in ETH

Pixelmon raised approximately $70,000,000 in ETH.

They rugged buyers and then went on a shopping spree, picking up BAYCs and other valuable Opensea NFTs to pad their wallets. After buyers saw the 3D assets were purchased from a Unity 3D marketplace, the fraudsters posted an apology, claiming they intend to spend $2 million on recreating assets (actual purpose: smokescreen; to placate victims and slow down their pursuit with lawsuits and/or criminal complaints to authorities against Pixelmon criminals).

The Pixelmon Scam: twitter.com/zachxbt/status/1497371390382678022

• Pixelmon twitter 'devs' urged people NOT to do their own research and explicitly stated they were giving financial advice. (twitter.com/zachxbt/status/1497586486677549064/photo/1)
• Every wallet used by the Pixelmon scammers is now being tracked as they will be offloading into exchanges.
• Always Do Your Own Research.

If you're considering an NFT as an investment or as a way to 'quick money', beware of "big talk" and many sweet promises.

#NFT #crime #fraud #pixelmon #opensea