CryptoPhunk, Azuki founder called out for alleged rug pulls

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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.

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.”

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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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