Cryptocurrency [loss] $125,000

Tweet thread by NFT Ethics

2022-01-28 [vendor] Lazy Lion Ape Club [chain] ethereum
Primary Source ↗
Financial Loss $125,000 (125,000 USD)
Blockchain(s) Ethereum

Incident Details

Lazy Lion Ape Club, an NFT project in somewhat resembling the mega-popular Bored Apes, listed their NFTs on OpenSea on January 26. In addition to the NFTs, the project promised to generate passive income for its holders, as well as give them 3D models of their ape/lions to be used in the metaverse. The project leaders managed to generate 50 ETH (about $125,000) in sales before emptying the project of its funds and deleting their website and social media accounts.

Total loss estimated at $125,000.

Technical Details

Vendor / Product
Lazy Lion Ape Club

Timeline

  1. 2022-01-28 Breach occurred
  2. 2022-01-28 Publicly disclosed