BAYC Inspired Bored Bunny NFT Scam, Project Drains Out 2000 ETH

“Bored Bunny” NFTs, a project inspired by the Bored Ape Yatch Club NFTs,  released its tokens on 5th January (earlier today), only for the  ethereum raised to get plugged out some time after it went live.

The non-fungible tokens raised approximately 2000 ETH within the first  few hours before all the money was drained out from the project and a  significant amount of the Ethereum raised was transferred to Binance.

The floor price of this project fell to 90.59 ETH soon after, while all its channels on Discord have now been muted.

According to Arover’s report, the community manager of this project  stated his criticisms regarding the matter on the Discord channel. He  chastised the founders and said that he quit his job, but the message  was deleted by the founders within a short period of time.

Keep in mind that this Floyd Mayweather endorsed NFT collection has been all  the rage on social media platforms for the past week, with a number of  tik toks clips and youtube videos featuring Bored Bunny as the next NFT to buy.

CoinGape observed that this makes the second NFT rug pull scam within  the past week, raising concern for everyone in the community.

NFTs saw ginormous growth over the past year, turning into a a  multi-billion dollar industry today. But as was the case in DeFi, larger  traction of buyers and sellers also makes the community much more  susceptible to hackers and scammers.

The DeFi market had experienced a similar boom in popularity and  circulation in 2020, which led to 75% of the crypto scams in 2021 to be  associated with it. And now NFTs show a similar pattern of breakout from  2021.

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BAYC Inspired Bored Bunny NFT Scam, Project Drains Out 2000 ETH