ZachXBT’s investigation into the Boneheads NFT rug pull leads to legal action in Canada over the scam worth $3.1 million.
- ZachXBT’s investigation into the Boneheads NFT rug pull impacts the Canadian legal system.
- The project scammed over $3.1 million by transferring funds to exchanges and buying prestigious NFTs.
- ZachXBT exposes the project founders’ identities and extravagant lifestyles, leaving NFT holders betrayed.
- Legal battle ensues in Canada as the court system seeks justice for affected NFT holders.
Crypto detective ZachXBT’s investigation into the infamous Boneheads NFT rug pull has made waves in the Canadian legal system. The lawsuit, which centers around the project’s scam of over $3.1 million, relies heavily on ZachXBT’s findings. Let’s dive into the details.
The Boneheads NFT Scam
Boneheads NFT scammers employed a strategy that involved transferring funds to exchange accounts and using the remaining revenue to purchase prestigious blue chip NFTs. However, their actions did not go unnoticed. ZachXBT, the self-proclaimed crypto sleuth, managed to expose the project founders, revealing their identities and extravagant lifestyles. Unfortunately, this left Boneheads NFT holders abandoned and betrayed.
The timeline of the Boneheads NFT project starts in 2021, when it launched its initial collection of 10,000 NFTs. The NFTs were created by an anonymous team and sold for 0.1ETH each. The project’s roadmap promised giveaways, real-life merchandise, and Web3 utility, attracting collectors with the quality of the NFTs and the exciting plans ahead.
However, just a few weeks after the launch, the project vanished from all social media platforms and the Discord server. It was ZachXBT who, six months later, took it upon himself to investigate where the funds had gone. Through his Twitter account, he exposed the NFT rug pull, leading to the unfolding legal battle in Canada.
1/ Since Dec 2021 we’ve seen 600+ Discord servers compromised & 12+ NFT related Twitter accounts hacked as well. This has resulted in millions of dollars being stolen.
Welcome to part 2 of tracking down the people responsible. https://t.co/F5uoQsCwCc
— ZachXBT (@zachxbt) September 1, 2022
ZachXBT’s investigation revealed that the project founders had transferred a portion of the minted funds to various exchange accounts. Additionally, the remaining revenue was used to purchase renowned blue chip NFT collections such as CryptoPunks, RTFKT’s CloneX, and Bored Ape Yacht Club. Despite their attempts to hide, it was not difficult for ZachXBT to uncover their true identities.
Surprisingly, Alexandra, one of the Boneheads NFT founders, had even revealed the NFT artwork on her personal Twitter account before the official launch. Her social media activity also included posts flaunting her opulent lifestyle shortly after the project became inactive.
In response to ZachXBT’s exposure, the project founders reached out to him and resumed posting on social media platforms in an attempt to conceal their actions. However, they failed to fulfill their promises once again, leaving it to the Canadian court system to resolve the case and provide justice to the affected NFT holders.
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In summary, ZachXBT’s investigation into the Boneheads NFT rug pull has played a significant role in a Canadian lawsuit. The project founders, led by Alexandra and Ivan, scammed their community out of millions while living lavishly. Now, the legal system is tasked with untangling the web of deceit and holding the responsible parties accountable for their actions.