CryptoPhunk, Azuki founder called out for alleged rug pulls

News Report

by Valeria Goncharenko

Published: May 11, 2022 at 9:40 am Updated: Jun 08, 2022 at 11:09 am 3

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Valeria Goncharenko

Published: 11 May 2022, 9:40 am Updated: 08 Jun 2022, 11:09 am

On May 10th, ZAGABOND.ETH announced that he was the creator of Azuki, CryptoPhunks, Tendies and Zunks.

In the NFT world, this was not a good thing. Zagabond also allegedly abandoned multiple projects in the past, a trick NFT fans call a rug pull. On the news, Azuki holders got worried about their NFTs and started selling. Within a day, the floor price of the Azuki collection dropped to 9 ETH (approximately $20,700).

On the same day, several Twitter Spaces were held, including some with Zagabond himself. He was accused of abandoning 3 NFT projects and pretending to be a woman in order to attract more finances and support. Zagabond admitted to stealing an identity, calling it ‘storytelling.’

Moreover, the creator of Azuki confessed he was changing the royalties amount and sold the NFTs to himself in order to earn more.

Pauly and Ryder Ripps hosted one of the spaces dedicated to the allegations. During the talks, Pauly asked Zagabond to give all the codes to the community, so that he would not receive sales royalties anymore. Pauly further threatened the creator of Azuki that if he does not do so, he will be doxxed.

Dear @ZAGABOND & @AzukiOfficial,

Its time to step up and do the right thing for ALL the communities you have abandoned and stolen from.

You have been running and hiding from us since July. And now I got you.

Don’t make me nuke you. I would rather not, but I will.

Contact me. pic.twitter.com/xUJUXQOPtA
— PAULY (@Pauly0x) May 10, 2022

Zagabond has responded to the community, claiming that he was ‘learning’ at every stage of his Web3 experience. His new plan is to “hand over full control of contracts to the communities of previous projects, as well as figure out the right setup for an equitable redistribution of funds.”

I fucked up.

After the spaces today, I realized my shortcomings in how I handled the prior projects which I started. To the communities I walked away from, to Azuki holders, and to those who believed in me — I’m truly sorry.

1/x
— ZAGABOND.ETH (@ZAGABOND) May 11, 2022

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Azuki, Collection, Creator, Crypto, Finance, NFT, Scam, Web3

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Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related.Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities.You can contact her at [email protected]

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