1 year ago
According to tribunal documents, the Boneheads squad has been accused of breach of contract, misappropriating funds and misleading investors.
The investigative enactment of independent blockchain sleuth ZachXBT has been cited successful a people enactment suit successful Canada against Boneheads, an alleged $3.1 cardinal nonfungible token rug pull.
Tweeting connected July 7, ZachXBT highlighted that suit arsenic helium reiterated accusations that the Boneheads squad “quickly disappeared and spent the mint funds connected BAYCs [Bored Ape Yacht Club NFTs], luxury goods, and different items ne'er fulfilling the roadmap.”
“Yet different lawsuit wherever my probe has been cited,” ZachXBT added.
A people enactment suit was filed successful Canada against the Boneheads squad for the $3.1M NFT rug pull
The squad rapidly disappeared and spent the mint funds connected BAYCs, luxury goods, and different items ne'er fulfilling the roadmap
Yet different lawsuit wherever my probe has been cited https://t.co/GoIGmPs50g pic.twitter.com/mboWXt3mfm
The people enactment suit was initially filed successful the Ontario Superior Court of Justice successful mid-June.
As per a June 19 connection of claim, the Boneheads squad has been accused of breach of declaration with investors by failing to present connected the project’s roadmap, misappropriating funds, conducting fraudulent misrepresentation and negligent misrepresentation, among different things.
“As of the day of filing of this claim, the Boneheads NFT squad has not delivered connected a azygous roadmap committedness they had made to Boneheads NFT purchasers,” the filing reads, adding:
“Consumers person not received a azygous NFT airdrop, token, carnal collectible, marketplace access, forging, avatar application, voting right, giveaway, oregon the dozens of different promises that were made to consumers successful information for purchasing oregon minting a Boneheads NFT.”Looking astatine the references to ZachXBT, the filing highlights the sleuth’s probe into the task that was published to Twitter connected July 14, 2022, on with further posts from the pursuing month.
In the archetypal thread, ZachXBT provided a rundown of however the task allegedly misappropriated funds that were meant to beryllium utilized to enactment the Boneheads roadmap.
Related: CZ, Powell and much rally to money ineligible fees for on-chain sleuth ZachXBT, surpassing $1M
ZachXBT besides outlined however rapidly the task became inactive aft mint and unveiled who the cardinal players down the task were, arsenic helium tracked their dodgy antics.
9/ Other TikTok videos beryllium of her flexing luxury trips, decorator apparel shopping, and a Gwagon each aft the task had raised $3.1m. pic.twitter.com/cTfJ0YXGt4
— ZachXBT (@zachxbt) July 14, 2022“Despite months of inactivity connected societal media, the Boneheads squad instantly responded to ZachXBT’s posts via Twitter, stating that Boneheads was not a scam but a ‘very deliberately dilatory originative process,” the filing reads, adding:
“They subsequently announced that 21, a ‘new’ collection, would beryllium dropping connected the day of their task launch, successful August 2022. No specified postulation was ever released.”ZachXBT’s enactment has present been utilized connected a fistful of occasions to assistance physique cases against atrocious actors successful the NFT space.
In February, the FBI seized 86.5 Ether (ETH) and $100,000 worthy of NFTs from a phishing scammer following a lengthy probe by ZachXBT.
In October 2022, France’s nationalist cyber portion besides cited ZachXBT’s enactment in helping it drawback and charge a radical of alleged phishing scammers suspected of stealing $2.5 cardinal worthy of NFTs.
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