Kevin NFT Rug Pull Turns To Comedy
- NFTs
- ZachXBT
The Pixelmon project hyped a AAA game, minted out at ~3 ETH each, pulled in massive funds totaling around $70m... then revealed absolute dogwater art, with Kevin becoming the face of disappointment. ZachXBT investigated and discovered that instead of investing in development, the team spent 400 ETH purchasing blue-chip NFTs (Bored Apes, Azukis) for themselves. The Kevin NFT art was so poorly executed that it crossed from scam into comedy, becoming a long-running joke on CT.
Incident Details
- Type
- RUG PULL
- Funds Lost
- $70M
- Status
- Total loss
Became a meme rather than a legal case.