Laurent Correia rug pulls $960,000 with his abandoned "Billionaire Dogs" NFT project

Laurent Correia, a French influencer and the creator of "Billionaire Tips" sports betting app, launched an NFT project called "Billionaire Dogs" in December. Promising perks including large cash giveaways and rare NFTs that would also grant luxury cars to their owners, the project launched on December 12. Buyers were invited to purchase NFTs for 0.1 ETH (~$400) in the presale, or 0.2 ETH (~$800) in the public sale.

The project had an underwhelming reception, and the team quickly decided to reduce the supply of available NFTs from 6,500 to 2,000. Two days after launch, the funds were transferred out of the project wallet and to various addresses, including $400,000 which went to Correia. The project also deleted their website, Discord, and Twitter account that week.

Correia, for his part, has continued to post on his "Laurent BILLIONAIRE" Instagram account, where he shows off his private jet and tropical vacations with no mention of the Billionaire Dogs Club. His "NFT" Instagram story shows his pricey NFT purchases beginning on January 14.