SolChicks Treasury Misuse
- NFTs
- ZachXBT
In 2022, ZachXBT published findings showing that SolChicks NFT and token funds were being misused by insiders. Wallet analysis indicated large transfers to team-linked wallets and luxury spending while development stalled. The revelations contradicted public claims of responsible treasury management.
Incident Details
- Type
- FRAUD
- Funds Lost
- $20M
- Status
- Partial recovery
Community trust collapsed, token value fell sharply, and SolChicks became a cautionary case in Solana NFT history.