Andy Milonakis is going to jail
The story behind the guy who stole $1.3 million in NFTs
🧵👇
For a moment close your eyes, let's remember the 2021 bull run
Every project sold out in a few hours
Prices going up every day
Everything was perfect
This made celebrities think they could rug and get away with it
But they actually can't...
( 1/8 )
If you are reading this you know what this is all about right?
Yes, we are exposing another tugger today:
Andy Milonakis
The guy who scammed millions in NFTs
How he did it?
Let's dive into it 👇
( 2/8 )
I asked you to remember the 2021 bull run
Why?
Because was around this time that Andy launched his project:
Goat Soup
At first things looked normal
But this was about to change...
( 3/8 )
For context
Goat Soup was a normal project
He made a lot of promises that he can't keep
“IRL utility: parties, events, art shows, merchandise. I’m gonna get a lot of cool NFT stuff to airdrop to holders.”
( 4/8 )
Time passed and the mint started at April 2022
3.745 NFTs minted for 0.08ETH ($368)
He made $1.378.160 with this
Now what?
Like every founder he started posting about the collection
Inflating the fp so more people buy
( 5/8 )
Few days passed and Andy was gone
No more tweets about the project
No utility delivered
Not even a mod on the discord
3 months passed...
Fp dropped, community died
What Andy did? Apologized
Literally, just said he was sorry...
( 6/8 )
Now, 1.5 years later and he acts like it didn't happen
Floor price now is $15
A $350 drop compared to mint price
Andy don't talk about this project for more than a year now
He stole $1.3 million and got away w it
( 7/8 )
Now what we have?
People that invested their own money on this and got played
But Andy doesn't care
He only cares about money
And the saddest part?
He will probably launch another rug on the next bull
( 8/8 )
I want to ask your guys opinion, is Andy a scammer or did he just not know the responsibility of dropping a project
It’s a life long commitment, that’s why I always tell people not every influencer has to drop a nft project
Not everyone needs to be a founder
There are other ways of building than just to drop your own NFT Project
If you don’t know the commitment involved and aren’t ready for it then don’t try to start your own NFT Collection
Disclaimer : there’s a discord community built by the people that got rugged by goat soup and that’s where I got all my info from :)
(Also I don’t actually think Andy will go to prison for this, no one does)
Thanks for reading if you enjoyed PLEASE RT ♥️
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