Feb 2022 - Kung Fu Ape Rug Pull - $Unknown (Global)
"Kung Fu Apes is an exploration and celebration of kung fu and the rich history of its movies, characters, and actors. Hao, our amazing artist, has put their passion and love into creating a huge selection of traits that will craft your own unique Kung Fu Ape. Hao was inspired by all of his favorite kung fu movie classics from Kung Fu Hustle to Clan of the White Lotus, and influential actors like Bruce Lee, Liu Chia-hui, Jet-Li, Donnie Yen, and Jackie Chan.It has also been heavily inspired by Chinese aesthetic and artwork. Bold red and gold colors can be found throughout the collection and several backgrounds will use classic paintings from China's rich history of master painters and calligraphists."
"Kung Fu Ape masters have gathered on the blockchain to harness their qi to call on the Nine Dragons to help heal the world and bring about peace for all ape-kind. Kung Fu Apes is an exploration and celebration of kung fu and the rich history of its movies, characters, and actors."
"The utility of these apes is insane: a game, staking, token shop,...."
"My Kung Fu Ape looks better than that. It was also a rug but little was gained."
"Never been rugged by a coin-token before , only by one nft project on ethereum which is @kungfuapes o wait they deleted their account lol art is dope though"
Further Analysis
Despite well-received artwork and a great back story, the Kung Fu Apes project reportedly bit off more than they could chew, promising the community a game, marketplace, and staking. When it became clear that they couldn't deliver, they proceeded to delete their social media and website for the project and disappear with all received funds. Some members of the community vowed to find the creators, however there is no indication any of that effort has been successful.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Coinbase Advanced Market Vulnerability > > < < Squiggles NFT Suspicious Launch Activity
Sources/Further Reading
https://mobile.twitter.com/alphachill8/status/1506563487908179968 (Dec 31)
https://www.binance.com/en-JP/nft/collection/kung%252520fu%252520apes-597018717088415745 (Dec 31)
KungFuApes | CoinStats (Dec 31)
https://opensea.io/collection/kfa (Dec 31)
https://web.archive.org/web/20220128044216/http://kungfuapes.io/ (Dec 31)
@KaiquetioNft Twitter (Dec 31)
@ClubHTB Twitter (Dec 31)
@eth_brainiac Twitter (Dec 31)
@eth_brainiac Twitter (Dec 31)
@kendrickschell Twitter (Dec 31)
@nshefft Twitter (Dec 31)
@illumiscotte Twitter (Dec 31)
@rwellaus Twitter (Dec 31)
@punkposer69 Twitter (Dec 31)
@pandemicxgod Twitter (Dec 31)
@UchihaCrypto33 Twitter (Dec 31)
@crypto3ye Twitter (Dec 31)
@Enzooh23 Twitter (Dec 31)
@NFTony7 Twitter (Dec 31)
@NFTony7 Twitter (Dec 31)
@RoninCrypto_ Twitter (Dec 31)
@niftyriverocto Twitter (Dec 31)
@nftwhalealert Twitter (Dec 31)
@RoninCrypto_ Twitter (Dec 31)
@drunkangel_ Twitter (Dec 31)
@alphachill8 Twitter (Dec 31)
@nftwhalealert Twitter (Dec 31)
@Maddog25or6to4 Twitter (Dec 31)
@Maddog25or6to4 Twitter (Dec 31)
@UchihaCrypto33 Twitter (Dec 31)
@123PattaP321 Twitter (Dec 31)
@LargeEyes00 Twitter (Dec 31)
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