Twitter user and blockchain detective @zachxbt delved deep into the Project Shura scandal. In particular, he uncovered the details of the $1.7 million rug pull that saw the Anon team abandon the project.
What is Project Shura?
Project Shura is a collection of 5,500 NFTs created by underground Japanese artist Akihiro. The embossing for the project went live in early January. There were 5,500 pfp NFTs costing 0.09 ETH each. It quickly drew people in as the roadmap promoted perks like free goods, a P2E game, a social token, and more. The team even marketed Project Shura through YouTuber JRNY!
After launch, the team disappeared for a whole month. After that, they resurfaced in March claiming they went on hiatus but still shut down all Discord chat channels due to backlash. On March 18th there were zero new updates and the bottom was at 0 ETH.
@zachxbt’s detective work
That was when @zachxbt smelled a rat. He tracked down the $1.75 million to see where the money went. According to @zachxbt, “the majority of the 495 ETH has been split across 4 wallets and transferred directly to CEXs. However, 133 ETH+ of that led to someone’s public wallet.”
@zachxbt connected this public wallet to @RoySaito_ETH (0x6a) who received 26% of Project Shura funds. @RoySaito_ETH (0x6a), in turn, used the money to dump Azuki NFTs on his wallet in late January.
@zachxbt warned everyone that @RoySaito_ETH (0x6a) recently started a new project called SHOUNEN. It seems like this serial scammer has found his match! Hopefully @zachxbt’s warning means no one else is being scammed by @RoySaito_ETH (0x6a).