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Will Gendron

Another NFT venture disappeared hours after launch, this time with $815K

With each passing day, the crypto scams are becoming bolder, but the latest NFT rug pull is as brazen as it gets. SudoRare, a platform meant to facilitate NFT transactions, managed to run off with around $815,000 worth of user funds just six hours after launching.

The platform was an iteration, or what is referred to as a fork, of two other decentralized NFT marketplaces called SudoSwap and LooksRare. To put it in the simplest terms, a fork occurs whenever a crypto community alters the nature or protocol of a given blockchain.

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