Developers of the Frosties NFT project make off with about $1.1 million

January 9, 2022

Developers of the Frosties NFT project make off with about $1.1 million

A green, vaguely human-shaped blob with a strawberry on its head and hearts for eyes, holds a flag that says "Frosties"

An hour after releasing their ice cream-themed NFTs, developers of the Frosties NFT project closed their social media accounts and disappeared with $1.1 million, plunging the token value to nearly zero.

"Frosties NFT investors rug pulled, loses over $1 million", Cryptoslate
"The developers of an NFT collection called Frosties vanished in a potential 'rug pull' after buyers put in $1.3 million", Business Insider