Another NFT Scam Adds to the List: $1.6 Million Gone Just Like That

Remember the NFT craze of 2022? Looking back, there were definitely some "interesting" moves. One particularly outrageous case involved a well-known figure launching the CryptoSis NFT project, selling over 6,000 digital assets at 0.1 ETH each (about $260 at the time), raking in $1.6 million in one go.

Sound good? The project promised holders that their assets would appreciate in value, provide exclusive news, participate in future sales, and even use tokens for merchandise in the metaverse... With this combination of perks, investors were genuinely attracted.

But then the story took a turn—suddenly, the project team withdrew all the funds from their wallet and "disappeared." Their reason? They claimed it was because of some negative comments and rude remarks in the community, so they decided to exit. Even more outrageous, when investors questioned them, the team simply said, "I don't see any problem, and I have no intention of refunding."

This move is a classic rug pull—building hype upfront and then running off with the money. Investors who put in $1.6 million definitely learned a hard lesson this time.

**To be honest**: Cases like this remind us that no matter how big the name or how perfect the promises, nothing is guaranteed in the crypto world. Due diligence, small-scale testing, and diversified investments—these age-old tips are still relevant today and have not gone out of style.