French Authorities Investigating $6.3M NFT Rug Pull Uncovered by ZachXBT

• ZachXBT’s investigation reveals the NFT rug pull Animoon is below legal investigation by French authorities.
• The Prosecutor of the Republic of Paris initiated the investigations, which have been carried out by BRDA since April 15.
• The PFP NFT venture, promoted by Jake Paul, didn’t ship promised options and merchandise to holders.

On June 23, crypto sleuth ZachXBT shared that the French authorities are conducting a legal investigation into Animoon, a $6.3 million NFT rug pull that he had beforehand uncovered on Twitter.

In keeping with a screenshot shared by the crypto investigator, the Prosecutor of the Republic of Paris initiated the investigations. In the meantime, the BRDA (Brigade de Répression de la Délinquance Astucieuse) has been conducting them since April 15.

Furthermore, the investigations are presently being managed by the Financial, Monetary, and Business Affairs Part of the Public Prosecutor’s Workplace. As per the screenshot, the investigations give attention to the NFT venture Animoon and Buying and selling Blatagang.

On June 2, 2022, ZachXBT claimed that the “NFT rug” Animoon, valued at $6.3 million on the time, had been scamming its holders since its inception.

ZachXBT additional disclosed that the PFP NFT venture featured a group of 9,999 NFTs priced at 0.2 ETH. It was marketed as a P2E sport with varied utilities, together with beneficiant giveaways, breeding options, real-life journeys, and extra. Nevertheless, 5 months after the launch, no promise had been delivered to contributors. ZachXBT known as out Jake Paul and mentioned,

After virtually 5 months nothing has been delivered. One more rug promoted by Jake Paul.

Furthermore, ZachXBT revealed {that a} sum of $6.3 million was transferred to Binance and Kucoin alternate accounts, just a few weeks after the launch. The venture promised Jordan footwear to 100 holders, however in accordance toZachXBT, no holders truly obtained the footwear.

Whereas the Twitter account related to Animoon has change into non-functional, French rapper Booba was capable of determine Animoon’s founders as Mounir Mokaddem and Singainy Marc Oceane.

ZachXBT famous the founders have been residing in Dubai, and therefore, shared the hyperlink to Dubai Police’s portal, urging customers to file a report if they’ve been a sufferer of the NFT rug. Moreover, there was a class lawsuit already in movement in opposition to the 2 people, filed on January 23.