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ID:

blockverse-104

Date:

Status:

Incident Count:

January 29, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

1,200,000

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Recovered:

-

Rewards:

Currency:

USD, ETH

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

NFTs

NFTs

Scams

Extended Method:

Rug Pull

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Days in Operation:

19

(0.05 Years)

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Unofficial Minecraft NFT game 'Blockverse' disappears with more than $1M. The project creators resurfaced today to say they didn't really pull the rug, but the project itself, and the money, are still gone. Ethereum NFT that enables a unique P2E on Minecraft like no other"—essentially a play-to-earn PvP Minecraft server, with access restricted to those who owned a relevant token. Enthusiasm for Blockverse was high—the initial supply of 10,000 NFTs, priced at 0.05ETH (currently $124) each, reportedly sold out in less than eight minutes—but just a couple days later, the project's creators deleted their website, Discord server, and game server, and disappeared with the money. The initial supply sale notched up 500ETH, which works out to more than $1.2 million. According to NFT Ethics, which tracks blockchain-related malfeasance on Twitter, there have also been 792ETH in "secondary sales"—that is, sales made by the purchasers of the original 10,000 Blockverse NFTs to other people.

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