Cryptocurrency
[loss] $1M+
"Frosties NFT investors rug pulled, loses over $1 million"
Primary Source ↗Financial Loss
$1.1M
(1,100,000 USD)
Blockchain(s)
Ethereum
Incident Details
An hour after releasing their ice cream-themed NFTs, developers of the Frosties NFT project closed their social media accounts and disappeared with $1.1 million, plunging the token value to nearly zero.
Total loss estimated at $1,100,000.
Technical Details
- Vendor / Product
- Frosties
Timeline
- 2022-01-09 Breach occurred
- 2022-01-09 Publicly disclosed