The NFT mission Pixel Penguins, 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 Fashionable

On Might 30, crypto influencer Andrew Wang posted a Twitter thread about how self-proclaimed pixel artist HopeExt1 battled eye most cancers and created digital artwork for the group. I wrote intimately.

king Prompted His group determined to donate to the artist’s hospital payments by buying her artwork. he added:

“I hear so much about web3 not being what it was, however I really feel responsible greater than something about being a complainer. The reality is, web3 is what we would like. and considered one of them is that the artists right here have not stopped creating.We do not have to decide on them, however we will not faux they do not exist.”

This thread will begin quickly, as will some others garnered sympathy And it additionally attracted consideration from the broader group who donated to the trigger.

With this elevated reputation, the gathering offered out rapidly and have become a development on OpenSea. Nonetheless, additional scrutiny from the group rapidly revealed that the NFT was a stolen artwork object and that the individual didn’t have most cancers.

Scammers Earned Over $100,000

On Twitter on Might thirty first threadblockchain researcher ZachXBT mentioned the Pixel Penguin contract comprises 61.686 ETH price greater than $117,000.

ZachXBT additionally revealed that the scammers have transferred 63.5 ETH from the rip-off to 2 new locations on the OKX crypto change.

In the meantime, the scammers have since deactivated their Twitter accounts, and the underside worth of the gathering plummeted by 86% from OpenSea’s peak of 0.075 ETH to 0.004 ETH. In response to NFT Market information, Pixel Penguin recorded 6,582 gross sales with a buying and selling quantity of 216 ETH.

Moreover, Mr. Wang apologized He shared the gathering and mentioned he believed it was genuine.

It first appeared on currencyjournals {that a} publish NFT artist allegedly battling most cancers was revealed to be a fraud.

(Tag translation) Ethereum