Incident Overview
The creator of the NFT project Frosties absconded with the money, causing investors to lose more than $1 million. According to available information, there are 8,888 NFTs in the series with a floor price of 0.04 ETH, roughly over $120. Within an hour, all NFTs were sold, but instead of getting their assets, investors found out that the project developers closed all communication with community members. Etherscan data shows that developers have moved most of the funds from the OpenSea account to another wallet.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.