Mutant Ape Planet scammer also probably pulled rug on Crazy Camels and Fashion Ape NFTs

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Blockchain
Mutant Ape Planet scammer also probably pulled rug on Crazy Camels and Fashion Ape NFTs

Pseudonymous blockchain sleuth ZachXBT discovered that Aurelien Michel — the man recently charged for running the Mutant Ape Planet non-fungible token (NFT) exit scam — also pulled the rug in the Crazy Camels and Fashion Ape NFT collections.

In his research, ZachXBT uncovered that the Binance address where Michel moved his ill-gotten Mutant Ape Planet proceeds also received funds from the Crazy Camels and Fashion Ape NFT exit scams.

He explained in a Jan. 6 Twitter thread that Michel “is likely a team member of the $1.1m rug pull [on Fashion Ape] as well since he received $123k from the mint and was also on the team for Crazy Camels $1.6m rug pull.”

Mutant Ape Planet scammer also probably pulled rug on Crazy Camels and Fashion Ape NFTs - 1
Chart of the transactions directed to the Binance address involved in the NFT exit scams. | Courtesy of ZachXBT

ZachXBT uncovered the Michel’s Binance address by looking for the 356.44 ethereum (ETH) transaction mentioned in court documents going out from the Mutant Ape Planet smart contract.

The court documents even specified that the transfer was directed to “one of the largest crypto exchange platforms,” further confirming that it is indeed the top cryptocurrency exchange Binance.

The news follows recent reports that the United States Securities and Exchange Commission has charged eight individuals and entities associated with the blockchain startup CoinDeal with fraud over an alleged scheme to obtain client assets totaling $45 million.

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Adrian Zmudzinski

Adrian Zmudzinski is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Adrian previously reported for Cointelegraph and Benzinga.