Cryptocurrency [loss] $4M+

"'A Huge Scam': Fans Who Bought Tekashi 6ix9ine-Backed NFTs Are Pissed"

2021-10-28 [vendor] Tekashi 6ix9ine [chain] solana
Primary Source ↗
Financial Loss $4.0M (4,000,000 USD)
Blockchain(s) Solana

Incident Details

$100,000 to charity, governance power over the project funds, a boxing game, and weekly competitions and raffles were all promised as a part of the Tekashi 6ix9ine-backed Trollz NFT collection. However, the project crumbled shortly after it began, with creators removing the ability to mint new NFTs before the designated number were released, a takeover of a Discord bot funneling prospective buyers to scam links, and the rapper deleting any trace of his affiliation with the project. One buyer lost $40,000; around $4 million in total was poured into the apparent scam.

Total loss estimated at $4,000,000.

Technical Details

Vendor / Product
Tekashi 6ix9ine

Timeline

  1. 2021-10-28 Breach occurred
  2. 2021-10-28 Publicly disclosed