Blockchain detective, Zachxbt has uncovered one other non-fungible token rug pull mastermind.
In a Twitter thread, he alleged {that a} French e-commerce guru, Soulaymane Mahzoul, is behind the $1.6 million rug pull tied to the Loopy Camels NFT venture.
The way it all started
Soulaymane began the Loopy Camels NFT venture in October 2021. The venture was a set of 10,000 NFTs with a number of giveaway guarantees.
It minted for 0.1 ETH presale and went for 0.3 ETH after mint. Like comparable rug pulls, it claimed to have the help of celebrities, together with Odell Beckham Jr and DJ Snake.
1/ Breaking down one other French scammer this time being @gambergefc (Soulaymane Mahzoul) a e-commerce guru turned NFT opportunist.
He’s personally behind the $1.6m Loopy Camels rug in addition to being instantly tied to many different initiatives. pic.twitter.com/3PS0aRT8oU
— zachxbt (@zachxbt) April 6, 2022
The presale went as deliberate, however demand was low for the general public sale because of the excessive costs. This led to the group lowering the provision to 2,000, just like what one other rug pulled venture, Bored Bunny, did.
The group made $1.6 million by way of the sale, subsequently turned distant from the neighborhood, and finally disappeared.
Evaluation of on-chain information reveals that Soulaymane acquired $909,000 of the entire funds whereas buyers had no alternative however to attempt to revive the venture even after the founders had deserted it.
Soulaymane is linked with a number of crypto initiatives
Whereas this would possibly look like an remoted incident, Zachxbt confirms that it’s not. By rigorously mapping the inflows into Soulaymane’s account with centralized exchanges, it emerged that he had been concerned in a number of different NFT initiatives.
Per Zachxbt, he has instantly acquired proceeds from Metabillionaire NFTs, The Meta Stars, Vogue Ape NFT, and Miss Universe NFT.
Past that, he’s additionally not directly linked to a number of NFT sluggish rug pull initiatives. Essentially the most notable examples embody Apes in House, Horizon, Celebrity Tiger, Alien Secret Society, Occasion Ape Billionaire Membership, The Sloth Tribe, and many others.
Curiously, Soulaymane seems to be utilizing the funds to accumulate authentic NFTs akin to Mutant Ape. He’s spending the remaining dwelling a lavish way of life in Dubai.
His Instagram account continues to be energetic, nonetheless, he has deleted all tweets and media from his Twitter web page.
This isn’t the primary French influencer dwelling in Dubai linked to NFT rug pulls. Within the week of April 4, CryptoSlate reported that Laurent Correia, a French actuality star, was ousted because the brains behind a $960,000 rug pull of Billionaire Canine Membership NFT by Zachxbt.
