The Evolved Apes Universe is a collection of 10000 unique NFTs trapped inside a lawless land. Fighting for survival, only the strongest ape will prevail.
EVOLVED APES INC
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RUGGED PROJECT!
Evolved Apes was an NFT collection of 10K battling apes.
The founder, Evil Ape, ran contests to attract investors and disappeared after selling out.
No one received prizes or wages, and the founder was never found. Estimated 2.7M USD total value rugged.
"Going by the moniker āEvil Ape,ā the developer has allegedly lived up to the name by vanishing with 798 Ether worth over $2.7 million from the projectās coffers.
Evolved Apes was an NFT collection of 10K battling apes.
The founder, Evil Ape, ran contests to attract investors and disappeared after selling out.
No one received prizes or wages, and the founder was never found. Estimated 2.7M USD total value rugged.
5ļøā£ Evolved Apes - $2.7M
ā Kermit šø (@crypto__kermit) April 24, 2023
Evolved Apes was an NFT collection of 10K battling apes.
The founder, Evil Ape, ran contests to attract investors and disappeared after selling out.
No one received prizes or wages, and the founder was never found.
(2/15) pic.twitter.com/jq2cCxtGnB
"Going by the moniker āEvil Ape,ā the developer has allegedly lived up to the name by vanishing with 798 Ether worth over $2.7 million from the projectās coffers.
The reportedly stolen funds covered both the money realized from the initial minting process and the ETH traded in the secondary sale of the NFTs on the OpenSea marketplace.
Indeed, āEvolved Apesā had been one of the hyped NFT mints recently, with the 10,000-strong collection reportedly selling out in 10 minutes and the floor price rising steadily following the swift sale.
However, the projectās storefront on OpenSea shows a tanked floor price of 0.005 ETH, significantly lower than the original minting cost. The decline in the floor price is no doubt linked to the current rug pull scandal rocking the project.
Apart from allegedly siphoning all the projectās money, Evil Ape also took down the āEvolved Apesāā Twitter account and website.
Before absconding with the $2.7 million, Evil Ape and the projectās creators had promised to ship a blockchain fighting game, a common promise among several avatar-style NFT developers."
Cointelegraph (https://cointelegraph.com/news/evolved-apes-nft-creator-allegedly-absconds-with-2-7-million)
Cointelegraph (https://cointelegraph.com/news/evolved-apes-nft-creator-allegedly-absconds-with-2-7-million)
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