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Investors Spent Millions on 'Evolved Apes' NFTs. Then They Got Scammed
Cryptocurrencies are riddled with a dazzling array of scams. Rug pulls, a term for when developers take the money and run, are common. And NFTs, or non-fungible tokens, aren’t immune to that old trick, as thousands of investors of a project called Evolved Apes found out on Friday. Evolved Apes is described on NFT marketplace OpenSea as “a collection of 10,000 unique NFTs trapped inside a lawless land.” They are “fighting for survival, only the strongest ape will prevail,” it says, referring to the project’s much-hyped fighting game, which has not materialized. A week after the project launch, the ... (full story)
