I’ve just read an article about two dumbfucks that rug pulled a project woth about 1.1 mil. The way they were caught is as follows:
– they withdrew all the funds to multiple wallets
– transfered all the crypto to Coinbase
– the coinbase account was linked to a real world banking account made with the same id as the Coinbase account
I really do not understand, how can one have enough knowledge to create an entire project, hype it up, rug pull and not use a service like tornado cash or something similar???? It just doesn’t make any sense at all.
I am in no way trying to side with the scammers, but it just hurts my brain thinking that they went through all this to sell 8888 nfts but did not even consider trying to launder the money in any way. How is this even possible? To me it just shows the level of stupidity this scammers have, but then again, how the fuck do they manage to pull the scam off if they are this blatantly stupid?
**There’s always someone dumber.**
There’s always dumber fish in the sea
The guys you are referencing didn’t even try to hide iirc. One of them apologized to an organiser and collaborator about abandoning a massive project and gifted him some ETH as some form of severance if it is who I am thinking about. I am sure the apology and the ETH payment are massive pieces of evidence for the state as one can infer some sort of guilt from both actions. The chat logs also are quite transparent.
I think its more than likely devs of these small scam projects are quite caught off guard by the explosion of success and hype their projects achieve. If you’re a smart guy and this happens, you try to legitimize your project best you can as there is too much at stake.
If you are a dipshit you milk the goat until its dry. I think you are giving too much credit to some of these scammy projects. If they were genius devs they would just attatch themselves to legitimate projects. They are just dumb, and dumb people create hype projects all the time.
It isn’ that hard to set up NFT scams. Trying not to get caught is the hard part.
The real question is how are people dumb enough to keep falling for all of these crypto scams
The average intelligence of our population is staggering
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They most probably paid someone $$$$ to prepare this project, no questions asked. Those who prepared the project got their money and vanished. The dumbs who are behind the operation got caught.
You don’t have to outrun the bear, you’ve just got to outrun your buddy
There’s always someone dumber
Sheep go where you tell them go, no matter how stupid you are lol.
Greed
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LOL I have the same questions.. it’s anything more straightforward out there than Coinbase withdrawal to the bank account?!! It’s like signing the rug pull with their name and adding an ID pic as well!
My question is this, where is the money supposed to go? Didn’t they mint and sell them? What’s the rug pull? Creating false utility on the white paper ? I don’t get it.
*Monero enters chat*
I guessed you they got rugpulled by themselves
People getting scammed are dumber
Because the people buying their NFTs are *even dumber*
Because being dumb isn’t the same as being a unethical scammer. They might be smart they just have 0 regards for the people they’ll hurt
Friday m what I’ve learnt so far, there’s alaways a buyer.
It’s the perfect crime.
No rulez, no law, just dumb Fucks that put money into a scam job, thinking they get rich overnight, but some smart guys where way much smarter, took the money and ran.
It’s so easy.