The Rogue Society NFT project launched in September, with an ambitious roadmap that included a theme song, comic book series, 3D figurines, an augmented reality app, and an animated series. The project sold out its 15,777 NFTs, which minted at 0.09 ETH each ($355), for a total profit of around $5.5 million. The team stuck around for a while, but by December had gone completely silent. No tasks on the roadmap had been completed. The founder has withdrawn $3.4 million of the funds.Following a thread by zachxbt outlining the team’s rug pull, the project founder made the first post in the project Discord since December, announcing a theme song competition with no acknowledgement of the team’s absence and lack of progress.This event once again shows how it is people like zachxbt who are left to try to hold project creators accountable in the absence of reasonable regulation or enforcement.

Total loss estimated at $5,500,000.