Thread by @NFTethics

1/ Later today @mcuban is one of the speakers on the NFTLA event and this is a reminder that 'his' @NFT page was responsible for many scams/rugs and many new people wanting to join the NFT space will likely have left the ecosystem because of this.

2/ Of course Mark Cuban said that he didn’t know about it (many billionaires are immoral hypocrites that pretend to be blissfully “ignorant” about unethical aspects of their own companies). See @coffeezilla’s short video for more background:

3/ Jason Falovitch (@jf_nft) together with Aaron Avruskin (@0xAA_NFT) were the co-founders of @NFT and @Leverage with Mark Cuban and Jason ("Mr. NFT" lol) posted a thread with his side of the story, 21 days after the original thread by @topshotfund:

https://twitter.com/topshotfund/status/1489036977303347211

4/ As usual it starts by saying that it’s all lies, and that he has done many good things for the NFT space, and even spent $250k+ supporting "unknown emerging" 1/1 NFT artists from "underdeveloped countries". The phony philanthropy always speak volumes.

https://twitter.com/jf_nft/status/1496950786382647296

5/ We wonder what methods they used to get their IG account so quickly from 0 to 1.7 million, but as always, there is much more that doesn’t seem to have been mentioned yet. If you ever wonder why no one publicly responds to our threads, that is the reason. There is always more!

6/ The analysis shared by @topshotfund was not completely accurate, as the mint price of many projects was far higher than mentioned in the overview (see the below 4 projects) and also other obvious scams/rugs were not mentioned.

7/ One of these scams is @MissUniverseNFt and it was not mentioned on the overview in the orginal thread. This was a project that @NFT heavily promoted, even with AMA’s with the “founder”, but it was a rug and the website of the Miss Universe has been deleted.

8/ Someone did an analysis and tracked exactly where the funds went. Thanks @magicienmaartre. But it gets worse – far worse. Why do you think @NFT promoted certain projects so much?

9/ We have received confirmation from multiple independent sources that Marc Cuban's @NFT venture offered equity to projects that had the potential to sell out. That would also explain why they received so much money from certain projects and why they did so much "due diligence".

10/ Let’s look at @ApesinSpaceNFT, a project by @1YoungTakeoff (who purchased a CryptoPunk with the profit that he made), what was shilled so much by @NFT that they even changed their profile picture into a Space Ape.

11/ The wallet connections with Apes in Space, which also has connections with the Miss Universe NFT. We noticed that 449 ETH was sent from the Space Apes wallet to another wallet that is associated with @NFT, and via that wallet sent 145 ETH is sent to Aaron and more to Jason.

12/ They use a lot of different wallets to obfuscate all the transactions, but this transaction of 449 ETH was from one project alone. So how much did they rake in from all the other projects?

13/ @jf_nft mentions that he provides “facts” with that pathetic chart that will only convince people with very low 2 digit IQs. The chart will certainly already look different now, and even more so in the future. Who are the "competitors" and how did you calculate their score?

14/ If @jf_nft wants to provide us with facts, he should release the whole list of all projects that @NFT promoted and the money that they generated on each project. If they did their DD so well, they should also provide the info of the founders of projects that were rugs/scams.

15/ Just so that people know, @NFT asked $20000-$25000 per IG post and the minimum amount was 5 posts, to they would rake in anyway $100k- $125k per project! They also suggested that more posts is relatively cheaper, so ideal for scammers with multiple projects.

16/ We also have confirmation from multiple sources that the @NFT team and the Squiggles team (a team involved in many rugs) exchanged “staff members” (via Luxury Equities by Ali S. and Gavin M.) so it’s all far less innocent and much more connected/orchestrated than it looks.

17/ Another prominent person, who is soon dropping his own NFT, is @jeremyfall. He was involved in @NFT was well, but deleted all tweets/references about it. Luckily we still have the articles that connect him and he seems now also cyber squatting IG accounts.

18/ This whole story is made even worse when you see an interview that Jason Falovitch did a couple of months ago. Not sure why he is filmed in something that looks like a prison cell, but maybe he is preparing for what is coming.

19/ In that interview he mentions that he doesn’t do it for the money, but that he "fucking" loves the work that he does, and also that almost any of the deals/projects listed on @NFT came to him in some capacity.

20/ And he mentions that people especially trusted @NFT because of Mark Cuban’s name on the page and the blue verified account. They tried to remove his name after this scandal came out, but the screenshots were already taken.

21/ Jason also mentions 2 websites that he recommends to everyone: Opensea and another one, because he is very close with the founder (a very good reason!). Of course he also deleted most of his incriminating tweets (as so often).

22/ So if you see Mark Cuban on the stage, always remember that he is only a billionaire because he sold Audionet/Broadcast.com to Yahoo, which is considered the worst internet acquisition of all time. So he is used to selling worthless stuff to naïve “fools”.

23/Imagine being a billionaire and trying to rip off poor teenagers by deceiving them into buying worthless JPEGs with their only/small savings? And not taking any responsibility for it, not feeling even ashamed of it, but going on stage and pretending to be a reputable NFT guru.

24/ Also remember that if you ever see a tweet from @jf_nft in which he asks which NFT to buy, he is likely buying it with your money that he gained via all kinds of dodgy scams. This whole space is filled with charlatans, and many are high profile names that operate in networks.

25/ To quote Jason again: "we're all in this TOGETHER. And remember WAGMI." Especially the billionaires that have already made it and who are going to make much and much more. We will write more about all these billionaires soon.

According to some people tweet 11 is not visible. We don't know why, but here is the info that we wanted to share in that tweet again.

There are wallet connections with @ApeInSpaceNFT, and the @MissUniverseNFt scam that we discussed earlier. Courtesy to @magicienmaartre.

We noticed that 449 ETH was sent from the Apes in Space wallet to another wallet that is associated with @NFT and via that wallet 145 ETH was sent to Aaron Avruskin and even more to Jason Falovitch via different other wallets.