Recently, Lana Rhoades emptied the ETH wallet of 1.5 million dollars of her project CryptoSis. This has become another case of rug pulling after collecting a massive amount of money from an ongoing NFT project. The wallet had $1.5 million worth of ETH from the buyers of the NFT tokens, and after withdrawing the ETH, she has allegedly abandoned the project.
However, as per some of the tweets by Rhoades that is not the case. She has not mentioned the project and has not scammed the buyers of her NFT. However, when the community space turned bitter and accusations started piling up, she deleted her Twitter account.
Lana Rhoades launched an NFT marketplace project of her own. This NFT project was called CryptoSis and had around 6069 tokens of NFT that were all Lana Rhoades pictures in the cartoon version.
In the beginning, she promised that buying the NFT tokens will be a highly lucrative deal for the community members. The value of the NFT tokens will increase over time, and one can earn some great profits in a long run. But, right after making such big promises, she seemed to have withdrawn the money from the wallet, causing a lot of confusion in the community.
A YouTuber recently stated that Rhoades has been associated with several NFT projects before like pawgcoin, stickdix, etc. And each one of them is known for their rug pulling news. After, the YouTuber’s statements, Rhoades tried clarifying herself on Twitter and even said that YouTuber is lying for views.
Later, her friend tried to clarify the reason why Rhoades closed the project and why she deleted her Twitter, by saying that the community has become negative and loud. The negative comments were way too many to ignore causing Lana to take this step.a
Currently, CryptoSis NFT is still being bought and sold on OpenSea. The floor price of the tokens is around $50.23 or 0.018 ETH. There is one pretty high-end listing of CryptoSis NFT #5795 which is listed for $3.1 million. Ever since the news came out, the sales of the tokens had dropped drastically.
Rug pulling has become one of the biggest risks in the NFT market. Many celebrities and known people tend to start their own NFT projects. They would create and sell NFT related to their life, career, achievements, etc. Which would attract a lot of their fans and supporters. They’ll then buy the NFT for Ethereum tokens. However, after some time, these NFT projects would get closed. As the celebrity or the person behind will withdraw the money from the investment wallet.
Disclaimer: Cryptogurukul has no relationship to these projects, and there is no endorsement or investment advise. Please seek professional advice before taking financial risks.