NFT project Squiggles got delisted from OpenSea after a series of scam allegations and previous rug pulls came to light. A 57-page document detailing how the team operated and conducted the scams, has been sent to the U.S. Securities and Exchange Commission (SEC) for investigation.
The document alleges that the Squiggles NFT team has a history of rug pulls and the same crew is now operating on OpenSea.
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“Other rugs by the same crew. League of Sacred Devils (0.008 Eth floor), League of Divine Beings (no floor), Vault of Gems (no floor), Lucky Buddhas (0.001 Eth floor), Dirty Dogs (0.01 Eth floor), Sinful Souls (gone), Faceless (gone),” it read.
The report suggests that the team has made away with close to $10 million after stealing from investors. The released record also doxxed the founders of Squiggles and further information can be tracked and identified in this document.
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The rug pull alert document also says, “we have strong evidence that the Mastermind behind the Vault of Gems, ”The VaultKeeper” and his associates, Atmo, Michel, MargoNoRobbie, Chuck, and other Mods have been launching and abandoning NFT projects. Fraudulently stealing millions of dollars from unsuspecting people and leaving them holding the bags of now worthless jpegs.”
Here’s a picture below from the document that details the entire playbook and how the operations were executed.
Squiggles NFT Claims They Have Done Nothing Wrong
After getting delisted from OpenSea, Squiggles NFT project sent out a tweet claiming they’ve done nothing wrong. They revealed that they’re investigating the matter with the platform and will ”get back shortly”.
”Hey Squiggles Community, we’re not sure what’s up with OpenSea at the Moment. The Team is Investigating and will get back with you guys shortly about this matter. But from what its looking like is that OpenSea has Delisted all of our NFTs In Our Collection.”
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The team stated that despite being delisted, they’re still working towards solving the issue and are ”navigating through this.”
”Today was a rollercoaster for the Squiggles Community, Big ups and downs. despite the claims of this project being a scam and rugpull, we are still here, working and navigating through all of this.”
However, they suggested people have a look at their collection on LooksRare. ”Please Refer to the LooksRare Collection for The Time Being,” they tweeted.