Suspected fraudster returns access to the smart contract for the CryptoPhunks community.
The obscure figure behind CryptoPhunks, Azuki, Tendies, and Zunks, Zagabond.eth has restored the keys to one of his platforms to the community.
The controversy ignited earlier this week when digital detectives linked Zagabond to the unraveling. recently-launched Azuki project On May 10, members of the NFT community discovered that Zagabond had abandoned three other projects he launched, leading Azuki holders to rapidly sell off their assets, resulting in a significant dip in the collection's value.
Following the uproar, Zagabond engaged in several Twitter Spaces, asserting that he was merely 'learning' through this ordeal and that abandoning these projects was never in his agenda.
The community's frustration was palpable. During one session, he faced threats of being doxxed unless he restored the codes to the CryptoPhunks community. By May 12, Zagabond transferred ownership of the smart contract to the community, which now holds control. lead developer of Not Larva Labs.
All assets are also being assigned to the community. Currently, the CryptoPhunks Vault is safeguarding $1,441,330.56.
CryptoPhunks boasts a resilient community. The project successfully navigated an OpenSea delisting and triumphed over the first-ever DMCA takedown in the NFT space.
In addition to reclaiming the smart contract, CryptoPhunks has hinted at a potential collaboration with Supreme.
The current floor price of the NFT project The current price for Phunks is 0.79 ETH (roughly $1,643), with a total trading volume of 838 ETH.
Read related posts:
- NFT Project Azuki Marks $1M Sale
- $34 million held in the AkuDreams Contract, with users set to receive refunds.
- Rumors suggest that OpenSea may soon reinstate CryptoPhunks on its platform.
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