Cryptocurrency

Tweet by JackedApeClub

2022-02-11 [vendor] Jacked Ape Club deception [chain] ethereum
Primary Source ↗
Blockchain(s) Ethereum

Incident Details

The Jacked Ape Club launched their public sale on February 10, offering 8,888 NFTs of illustrated apes much like the Bored Apes, but muscular. The following day they tweeted that, “The Jacked Ape collection has sold out! The remainder of the supply has been burnt so we can begin building”. This led reasonable people to question how a project can both sell out and have remaining supply. It turned out that the Jacked Apes project had only sold about 3,200 of the NFTs, destroyed the remaining ~5,700, and then proclaimed that the NFTs had “sold out”.

Technical Details

Vendor / Product
Jacked Ape Club deception

Timeline

  1. 2022-02-11 Breach occurred
  2. 2022-02-11 Publicly disclosed