Lazy Bored Ape Rug Pull
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Twitter user FutureMarc_ launched an NFT collection named Lazy Bored Apes, and then disappeared, renaming his Twitter account after selling all 1,000 apes for 0.88 ETH each. The community created a project to relaunch the NFTs in a new smart contract called rugged bored apes.
This is a global/international case not involving a specific country.[1][2][3][4][5][6][7][8]
About Lazy Bored Ape
"Ok everyone. I am planning on dropping my own nft project TODAY! I've been working on this for quite some bit and i am fully ready now. If you would like to be on the whitelist and Mint-LIKE AND COMMENT the word APE"
"some red flags but dint mind it then. 1st, the name "FutureMarc_" had a "_" at the end, which looks suspicious and scam worthy now. 2nd, he had only 280 something tweets. For a 68k followed account, that number is very less! 3rd, I dint took the time to verify if the opensea" "linked in his twitter profile is actually his. 4th, He ran 3-4 twitter threads promising 5k to random people and never kept his word I beleive. I think, before buying in to anything, it is important to do a check on all these aspects. I bought in coz of the fake FOMO" "created by the him. There were only 1000 which was available and I bought in when it reached 998. So please dont get sucked in to the vortex of this scammers. @Twitter, I request you to please review this account and block and delete his Twitter. He already scammed around" "88eth out of 500 people using this collection. I dont believe if there is any way to get back my eth or anyone else's eth."
"Lots of ape rugs. My lazy bored ape as well. However there community pulled through and new rugged bored apes has a gran mint soon. Reach out to the team, they are helping other rugged projects as well."
"IN OUR DISCORD - WE HAVE 1/4 OF THE LAZY BORED APES ACCOUNTED FOR! Close to 250 out of 1000 Lazy Bored Apes, which was a complete RUG PULL, have joined RUGGED BORED APES as we are close to releasing our free 1:1 mint! ANY LAZY BORED APE OWNER GETS A FREE (+gas) 1:1 MINT!"
"All we can do now is to not get scammed by him anymore and to double check everything before spending your eth. And now, this is to you Marcus/FutureMarc" "I have send your Twitter link to 150+ friends of mine and they will all report and block you. You and your scams are done for now. See you in a different scam account coz I know you wont stop scamming people."
This is a global/international case not involving a specific country.
The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.
Include:
- Known history of when and how the service was started.
- What problems does the company or service claim to solve?
- What marketing materials were used by the firm or business?
- Audits performed, and excerpts that may have been included.
- Business registration documents shown (fake or legitimate).
- How were people recruited to participate?
- Public warnings and announcements prior to the event.
Don't Include:
- Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
- Anything that wasn't reasonably knowable at the time of the event.
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The Reality
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- When the service was actually started (if different than the "official story").
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- How the service was structured behind the scenes. (For example, there was no "trading bot".)
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What Happened
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
| Date | Event | Description |
|---|---|---|
| November 29th, 2021 1:32:00 AM MST | Announcement Post | FutureMarc_ announces the Lazy Bored Apes project and that he is "fully ready now" because he has "been working on this for quite some bit". Users start immediately replying with the word "ape" as is required to get into the whitelist for the project. |
| December 2nd, 2021 8:41:00 PM MST | Rug Pull Report | Twitter user ashikjoh reports on the details of the rug pull with screenshots of the various promotions which were run at the time. |
| February 17th, 2022 9:53:00 AM MST | Rugged Bored Apes | "IN OUR DISCORD - WE HAVE 1/4 OF THE LAZY BORED APES ACCOUNTED FOR! Close to 250 out of 1000 Lazy Bored Apes, which was a complete RUG PULL, have joined RUGGED BORED APES as we are close to releasing our free 1:1 mint! ANY LAZY BORED APE OWNER GETS A FREE (+gas) 1:1 MINT!" |
| March 23rd, 2022 3:38:00 AM MDT | Reach Out To Team | "Lots of ape rugs. My lazy bored ape as well. However there community pulled through and new rugged bored apes has a gran mint soon. Reach out to the team, they are helping other rugged projects as well." |
Technical Details
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?
Total Amount Lost
The total amount lost has been estimated at $391,000 USD.
How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
Immediate Reactions
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?
Ultimate Outcome
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?
Total Amount Recovered
There do not appear to have been any funds recovered in this case.
What funds were recovered? What funds were reimbursed for those affected users?
Ongoing Developments
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Individual Prevention Policies
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ https://www.twitter.com/AzoriusAliss/status/1506566092319334401 (Jan 13, 2023)
- ↑ RuggedBoredApes.club (Nov 23, 2023)
- ↑ Wayback Machine (Nov 24, 2023)
- ↑ @FutureMarc_ Twitter (Nov 24, 2023)
- ↑ @SA1NT99 Twitter (Nov 24, 2023)
- ↑ @ashikjoh Twitter (Nov 24, 2023)
- ↑ @RuggedBoredApes Twitter (Nov 24, 2023)
- ↑ https://coinmarketcap.com/currencies/ethereum/historical-data/ (Dec 21, 2021)