Zachxbt’s investigation of Project Shura’s $1.7M rug pull leads to public wallet

Onchain detective Zachxbt has revealed details astir different NFT rug propulsion involving Project Shura. The squad down the 5000 postulation task reportedly made $1.7 cardinal earlier abandoning it and leaving investors precocious and dry.

Project Shura leaves investors precocious and dry

Project Shura is 1 of the fewer anime-inspired projects successful the marketplace that came aft the wide palmy Azuki launch. It launched successful January with a proviso of 5,500 NFTs and a 0.09 ETH minting price. 

1/ With the hype astir the Azuki motorboat backmost successful January galore anime inspired projects popped up.

One of those being @Project_Shura a $1.7m rug successful which the anon squad abandoned the project.

Here I breakdown wherever those funds went & uncover an alleged squad member. pic.twitter.com/dCrYCeBGon

— zachxbt (@zachxbt) April 18, 2022

Like akin projects, its roadmap promised merch, manga series, P2E games, tokens, manga series, etc. It besides partnered with fashionable YouTuber JRNY to marketplace it.

Once the minting was implicit successful January, the anonymous squad of developers started acting distant earlier yet disappearing successful February. 

They returned connected March 16, claiming that it was simply a interruption and they’ll proceed development. But first, they needed to delete each chat channels owed to “FUD.” Since then, determination person been nary updates, and the level terms of the NFT is adjacent zero.

Source: OpenSea

With 495 ETH successful proceeds, Zachxbt started tracking however the ETH was distributed. He discovered that the 4 wallets shared the funds and transferred them straight into cardinal exchanges.

RoySaito allegedly linked to 1 of the wallets

Fortunately, 1 of those wallets turned retired to beryllium a nationalist wallet. The wallet which received 133 ETH allegedly belonged to the pseudonymous Ox6a known arsenic RoySaito_ETH connected Twitter. Notably, Roy has launched a caller NFT task called Shounen. 

6/ You mightiness besides beryllium asking however I tied 0x6a to his Twitter.

Well erstwhile helium made the ample acquisition for Azuki 6541 a Twitter bot recorded his OpenSea name. pic.twitter.com/lK66S7V88E

— zachxbt (@zachxbt) April 18, 2022

RoySaito allegedly received 27% of the full funds and utilized the proceeds to flip Azuki NFTs. Zachxbt revealed helium could link the wallet to Roy due to the fact that erstwhile helium bought Azuki #6541, a Twitter bot posted astir it and included his OpenSea name.

Source: Zachxbt

Roy besides posted astir a giveaway for Azuki #4889, which was besides successful the aforesaid Ox6a wallet. He has allegedly canceled the giveaway and deleted the tweet since.

CryptoSlate reached retired to RoySaito connected Twitter for comments but did not get a response, and the relationship was made backstage arsenic of property time.