Another NFT collection rugged on its users with the help of famous French influencer
The Billionaire Dogs Club NFT collection, actively promoted by famed French-influenced Laurent Correia with three million Instagram followers, went hard right after the strike with 100% of user funds stolen, according to Zachxbt chain detective.
The NFT collection was launched back in the middle of December 2021 with an announced 6,500 NFT pieces for 0.1 ETH per piece on the private presale and 0.2 ETH for the public sale. The promotion strategy was based on the money and luxury goods giveaways.
While the marketing strategy was obviously sleazy and fraudulent, the project still attracted thousands of users. But luckily, that still wasn’t enough for a full sale, so the developers reduced the total supply to 2,000 NFTs from the previous 6,500 coins.
After decreasing the total token supply, developers could sell almost $1 million worth of tokens. The minting period began on Dec. 12 and, only after one week of selling, the team vanished, deleting its Discord server and website.
How do we know that Correia is responsible?
It wasn’t the hardest case for Zachxbt to crack as the French influencer was clearly not well educated on blockchain technology and how cryptocurrencies work. After scamming thousands of users, Correia was awarded $400,000. The funds landed in his public wallet.
After receiving funds, the influencer with three million followers decided, for whatever reason, to publicly purchase a costly NFT, MAYC 18272, CloneX, and Doodle, and then use it as his profile picture on Instagram, which adds even more ties to the wallet that received funds.
At the end of his thread, Zach mentioned the official record of the Dubai Police Department since Correia resides in Dubai.
