Thread by @shahh

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 ♥️