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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 challenge.
The way it all started
Soulaymane began the Loopy Camels NFT challenge in October 2021. The challenge was a group of 10,000 NFTs with numerous 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 as a result of excessive costs. This led to the group decreasing the availability to 2,000, just like what one other rug pulled challenge, Bored Bunny, did.
The group made $1.6 million by means of the sale, subsequently grew to become distant from the group, and ultimately disappeared.
Evaluation of on-chain information reveals that Soulaymane obtained $909,000 of the entire funds whereas buyers had no selection however to attempt to revive the challenge even after the founders had deserted it.
Soulaymane is linked with a number of crypto initiatives
Whereas this would possibly appear to be 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 obtained proceeds from Metabillionaire NFTs, The Meta Stars, Trend Ape NFT, and Miss Universe NFT.
Past that, he’s additionally not directly linked to a number of NFT gradual rug pull initiatives. Essentially the most notable examples embrace Apes in House, Horizon, Celebrity Tiger, Alien Secret Society, Occasion Ape Billionaire Membership, The Sloth Tribe, and so forth.
Curiously, Soulaymane seems to be utilizing the funds to accumulate reliable NFTs reminiscent of Mutant Ape. He’s spending the remainder dwelling a lavish way of life in Dubai.
His Instagram account remains to be lively, nevertheless, 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.
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