NuddiesNFT, the project associated with Kyle, announced fund additions and restructuring after his termination.
ZachXBT disclosed on April 3, 2024, that Kyle triggered security concerns on his Discord server by asserting that his purse had been compromised.
The findings of the renowned blockchain investigator, on the contrary, firmly indicated a purposeful transfer of funds as opposed to an external intrusion.
As ZachXBT investigated an alleged hack involving ‘NuddiesNFT,’ a lesser-known NFT initiative associated with a social gamer named Kyle, it uncovered a disturbing story of deceit and deceit. Nevertheless, the renowned on-chain investigator revealed an alternative account.
Approximately $12,000.94 SOL tokens were traced to an exchange deposit address within hours of the alleged breach. Using time analysis, he identified a destination transaction for 3.42 ETH, worth approximately $11.7K.
Subsequently, the Ether was employed to acquire valuable NFTs, specifically DeGods 2921 and y00t 10991, which were expeditiously transferred to the public ENS address of Kyle.
According to reports, Kyle openly displayed the illicit profits by using the DeGods NFT as his profile image on various social media platforms.
This audacious exhibition is further marked by their conduct following the breach, during which they transitioned to disseminating motivational quotations on Discord, seemingly oblivious to the imprint of his actions that the blockchain had created.
On the contrary, despite the prevalence of fraudulent activities and rug draws, ZachXBT’s most recent investigation serves as a sobering reminder of the inherent transparency of blockchain technology.
Following ZachXBT’s post, Kyle promptly removed his X (previously Twitter) account.
Kyle’s Fallout and NuddiesNFT Restructuring
Regarding NuddiesNFT, the initiative announced that $12,000 had been added to the creator wallet.
Conversely, two members of the community were entrusted with the private passwords. After Kyle was terminated, additional proprietors were recruited to oversee the undertaking.
While some investors maintained optimism regarding the endeavor, others assert that Nuddies is another deceptive NFT project that will soon be dragged under the rug.
ZachXBT has been investigating suspicious activities, exposing fraudulent entities, and uncovering the promotion of dubious tokens and projects by prominent influencers since 2021.
His targets include DannyCrypt, Crypto Rover, Ben Armstrong of BitBoyCrypto, Lark Davis, and DannyCrypto, among others.
Even more, the detective implicated Logan Paul, an American YouTuber.