Some ads aren’t necessarily good, even for those whose goal is to surf any kind of visibility. Particularly when it falls into the realm of what could be summed up as ” the listener operated“. A formulation a priori impossible, in any case before the emergence of DeFi and the number of its attacks constantly increasing since its inception. Because even with multiple checks, bugs and other exploits follow one another with tens of millions of dollarss. A specificity that the NFT sector seems determined to compete. With the almost comical launch of the Bad Guys collection of the very (in)justly named project Rug Pull Finder.
The NFTs market has become the target of many scams of all kinds. With an estimated loot of over $100 million stolen since the start of this year. And frightening figures that show no less than 90% of holders of these digital images with random rarities are victims of this type of fraudulent operation. But fortunately, players in this ecosystem are taking matters into their own hands… or not!
Because the NFT community is trying to organize itself. In particular with the establishment of monitoring and/or audit structures in order to determine the good projects from those to be avoided at all costs. But obviously, this internal fight still needs some tweaking on the good guys side. A reality that has just come into violent collision the Rug Pull Finder project at the launch of her collection Bad Guys, meant to poke fun at scammers in the NFT industry. Whoops…
Bad Guys – The NFT Collection
The case began at the end of last week, with the official launch of the project whitelist BAd Guys. 1221 characters with random rarities representing crooks of the NFT sector in ironic and humorous situations. But obviously the joke was (very) short-lived. Because the displayed irony quickly turned against the Rug Pull Finder structure at the origin of this initiative. The latter presented on its Twitter account as “the first source of information and inquiries from the community on NFT projects”. And at the origin of audits for certain players in this ecosystem.
Because at the time of the triggering of sales reserved for VIP members of its whitelist, a bug has come to spoil the party. Indeed, as the Rug Pull Finder team quickly recognized, the code of this operation had not been audited by an independent structure. With the immediate result, an exploitation of this flaw by two smart little guys, not even hackers. And finally, the purchase of 450 NFTs in total while the number was limited to one per address.
” We were wrong. We made a big mistake. Our contract had a loophole that allowed 2 people to recover over 450 NFTss. »
Bad Guys – Rug Pull Finder redeems its own NFTs
In this case, the main victim remains the Rug Pull Finder project, which will have to recover from this obvious loss of credibility. Because the 366 NFTs purchased improperly will be returned, following an agreement with the two whitelist profiteers. This while specifying that it is no more a hack than an operation carried out by crooks. One last point on which everyone will make up their own mind. Because this initiative presented as simply “lucrative” has nevertheless was carried out against the rest of the project community and Bad Guys.
” We made a deal with the wallets that took advantage of the contract, agreeing to pay them 2.5 ETH to buy the remaining 366 NFTs. Although they found a benefit, it is not a hack or scammers. They found a bug and used it for profit. »
Rug Pull Finder
Will all this ultimately only be effective publicity – even if it remains negative – for the Bad Guys project? With a floor price currently pointing to 0.03 ETH at the time of writing this article. Or the programmed end of a stillborn project, following a critical failure of its initiators? The question remains open only a few days after this operation, which can be described as disastrous.
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