{"id":349022,"date":"2021-10-06T12:54:40","date_gmt":"2021-10-06T09:54:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/evolved-apes-nft-creator-allegedly-absconds-with-2-7-million\/"},"modified":"2021-10-06T12:54:40","modified_gmt":"2021-10-06T09:54:40","slug":"evolved-apes-nft-creator-allegedly-absconds-with-2-7-million","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/evolved-apes-nft-creator-allegedly-absconds-with-2-7-million\/","title":{"rendered":"# \u2018Evolved Apes\u2019 NFT creator allegedly absconds with $2.7 million"},"content":{"rendered":"<p>&#8220;<strong># \u2018Evolved Apes\u2019 NFT creator allegedly absconds with $2.7 million <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMTE3Y2RhNzQtYjAyZi00MTNmLWFkNGQtZjMyZTE5ZmIzM2I4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Investors in Evolved Apes, a recently launched PFP \u2014 short for profile picture \u2014 nonfungible token (NFT) projec, are gr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ling with the disappearance of the project\u2019s anonymous developer.<\/p>\n<p>Going by the moniker \u201cEvil Ape,\u201d the developer has allegedly lived up to the name by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.vice.com\/en\/article\/y3dyem\/investors-spent-millions-on-evolved-apes-nfts-then-they-got-scammed\">vanishing<\/a> with 798 Ether (ETH) worth over $2.7 million from the project\u2019s coffers. <\/p>\n<p>The reportedly stolen funds covered both the money realized from the initial minting process and the ETH traded in the secondary sale of the NFTs on the OpenSea marketplace.<\/p>\n<p>Indeed, \u201cEvolved Apes\u201d had been one of the hyped NFT mints recently, with the 10,000-strong collection reportedly selling out in 10 minutes and the floor price rising steadily following the swift sale.<\/p>\n<p>However, the project\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensea.io\/collection\/evolved-apes-inc\">storefront<\/a> on OpenSea shows a tanked floor price of 0.005 ETH, significantly lower than the original minting cost. The decline in the floor price is no doubt linked to the current rug pull scandal rocking the project.<\/p>\n<p>Apart from allegedly siphoning all the project\u2019s money, Evil Ape also took down the \u201cEvolved Apes\u2019\u201d <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account and website.<\/p>\n<p>Before absconding with the $2.7 million, Evil Ape and the project\u2019s creators had promised to ship a blockchain fighting <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>, a common promise among several avatar-style NFT developers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Can the rugged apes of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Evolvedapes?src=hash&amp;ref_src=twsrc%5Etfw\">#Evolvedapes<\/a> also get some love? Sure was a bad week for ape-kind <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ballerapeclub?src=hash&amp;ref_src=twsrc%5Etfw\">#ballerapeclub<\/a>! We have a new community of volunteers coming together to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/fightbackapes?src=hash&amp;ref_src=twsrc%5Etfw\">#fightbackapes<\/a> and can use any support or expertise  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pHW23nlbbi\">https:\/\/t.co\/pHW23nlbbi<\/a><\/p>\n<p>\u2014 Fight Back Apes (@FightbackApes) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FightbackApes\/status\/1444848630255472640?ref_src=twsrc%5Etfw\">October 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Some members of the community have come together to continue the development of the project under the umbrella of \u201cFight Back Apes.\u201d<\/p>\n<p>The entities behind the new faction say they wish to create a more community-centric operating model for the project, including a multisig wallet, to prevent the repeat of another Evil Ape debacle.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>NFT whale &#8216;Pranksy&#8217; pranked by fake Banksy for 97.7 ETH<\/em><\/strong><\/p>\n<p>With Evil Ape still receiving the 4% royalties on secondary sales, the current plan is to create a new project that will airdrop new NFTs to current holders. <\/p>\n<p>NFTs have arguably dominated discourse in the crypto space in 2021, with massive platforms such as\u00a0OpenSea recording massive trading volumes.<\/p>\n<p>Given the popularity of NFTs, it is perhaps unsurprising to see alleged rogue actors like Evil Ape attempting to con unsuspecting victims.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/evolved-apes-nft-creator-allegedly-absconds-with-2-7-million\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# \u2018Evolved Apes\u2019 NFT creator allegedly absconds with $2.7 million &#8221; Investors in Evolved Apes, a recently launched PFP \u2014 short for profile picture \u2014 nonfungible token (NFT) projec, are grappling with the disappearance of the project\u2019s anonymous developer. Going by the moniker \u201cEvil Ape,\u201d the developer has allegedly lived up to the name by&#8230;<\/p>\n","protected":false},"author":1,"featured_media":349023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMTE3Y2RhNzQtYjAyZi00MTNmLWFkNGQtZjMyZTE5ZmIzM2I4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95118,7058,71101],"class_list":["post-349022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-nft","tag-community","tag-scams"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/349022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=349022"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/349022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/349023"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=349022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=349022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=349022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}