Solana

ZachXBT Accuses Gamegear Developer ‘Scaredofboobs’ of Being an NFT Scam Artist

SNEAK PEEK

  • ZachXBT, an on-chain sleuth, has recognized ‘scaredofboobs’ because the individual behind the NFT Machine scandal.
  • ‘scaredofboobs,’ additionally identified for creating Gamegear, is allegedly Tyler Gaye, accused of defrauding buyers in an NFT scheme.
  • Reviews declare that Gaye raised $55,000 for an NFT market, OpenFT, however as a substitute used the funds for private positive aspects.

In a current growth that has stirred the cryptocurrency neighborhood, on-chain sleuth ZachXBT has recognized X person ‘scaredofboobs,’ identified for his or her involvement in Solana clever contract growth, because the individual behind the infamous NFT Machine scandal. This revelation, made by way of a Telegram submit on December 28, has raised severe considerations amongst crypto fans and buyers.

‘scaredofboobs,’ additionally the developer of Gamegear, a web-based platform providing retro video games, is allegedly Tyler Gaye. In response to ZachXBT’s investigative findings, Gaye, a self-proclaimed open-source code writer, is accused of defrauding buyers by way of his NFT Machine enterprise. Reviews counsel that Gaye raised $55,000 from buyers underneath the guise of creating an NFT market, OpenFT. Nonetheless, as a substitute of fulfilling his promise, he allegedly diverted these funds to accumulate private NFTs, together with a number of from the MoonCats assortment.

The severity of those allegations is compounded by the truth that Gaye reportedly did not attend courtroom proceedings, resulting in a default judgment in opposition to him. He was ordered to pay again the invested quantity and extra punitive damages, totaling $275,000. Regardless of this, ZachXBT claims that Gaye must pay extra consideration to repay buyers and has continued to launch new crypto tasks. ArcadeDAO, a retro gaming venture, is cited as a current instance of his ongoing actions within the crypto house.

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This controversy once more highlighted the dangers related to the burgeoning world of cryptocurrency and NFTs. It additionally underscores the vital position of on-chain sleuths like ZachXBT in uncovering fraudulent actions and defending the pursuits of buyers. Because the neighborhood reels from this newest rip-off, it’s a stark reminder of the necessity for vigilance and due diligence within the ever-evolving and unpredictable world of digital property.

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