Pixel Penguins, an NFT challenge allegedly created by an artist combating most cancers, has been uncovered as a rip-off utilizing stolen artwork.
How Pixel Penguins NFT Received In style
Might 30 cryptocurrency influencer Andrew Wang wrote a thread on Twitter detailing how self-proclaimed pixel artist Hopeexist1 has been battling eye most cancers and creating digital artwork for the group.
Wang urged his group would contribute to the artist’s hospital payments by buying her paintings. He added:
βI hear rather a lot about how Net 3 is not what it was once, and I am typically responsible of being a complainer. The reality is that web3 is what we would like, and for one, the artists right here have not stopped creating. We do not have to decide on them, however we won’t faux they do not exist.
Quickly this thread together with a number of others gathered sympathy and a focus from the broader group who’ve donated to the trigger.
This elevated publicity helped the gathering promote out shortly and make OpenSea widespread. Nonetheless, additional investigation by the group quickly revealed that the NFT was stolen artwork and the person didn’t have most cancers.
The scammer earned greater than 100 thousand
Might 31 threadBlockchain researcher ZachXBT stated the Pixel Penguin contract had 61,686 ETH price over $117,000.
ZachXBT additionally revealed that the fraudster transferred 63.5 ETH generated from the rip-off to 2 new recipients on the OKX cryptocurrency change.
In the meantime, the scammer deactivated his Twitter account, and the minimal worth of the gathering fell by 86% to 0.004 ETH from the utmost of 0.075 ETH on OpenSea. Pixel Penguins recorded 6,582 gross sales with a quantity of 216 ETH, in line with NFT Market information.
As well as, Wang apologized for sharing the gathering, saying he believed it was actual.
An NFT artist purporting to struggle most cancers has been declared a rip-off, seethereality has revealed.
