Billionaire Dogs Club Is a Scam NFT Collection, They Stole 100% of Customers’ Funds Right After Minting

Billionaire Dogs Club, a scam NFT collection

According to the Twitter account Zachxbt, the Billionaire Dogs Club NFT collection, which was widely promoted by the famous French-influenced Laurent Correia with three million Instagram followers, got rugged immediately after minting, with the whole money of customers stolen.

The NFT collection was revealed in December 2021, with a total of 6,500 NFT pieces available for 0.1 ETH on the private presale and 0.2 ETH on the public sale. Money and luxury products were given away as part of the marketing plan.

Despite the project’s obviously shady and scammy marketing strategy, it still attracted thousands of users. Fortunately, it was not enough to secure a complete sellout, so developers cut the entire supply to 2,000 NFTs, down from 6,500 before.

Developers might sell about $1 million worth of tokens after reducing the total token supply. The minting period began on December 12th, and the team vanished after only one week of selling, removing their Discord channel and website.

Correia got $400,000 after scamming thousands of people. His public wallet was flooded with money.

Following the flow of funds, the Instagram influencer with three million followers decided, for whatever reason, to purchase a pricey NFT, MAYC 18272, CloneX, and Doodle and use it as his profile picture.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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