NFT Rugpull Project Shura’s Mystery Revealed by Blockchain Detective

On Twitter, @zachxbt has been digging into Project Shura’s rug pull. Anon’s $1.7 million rug pull was the subject of his investigation, and he revealed all the specifics regarding how the project was terminated.

What exactly is Project Shura?

Project-Shura-Investiation-by-@zachxbt
Project Shura

Japan’s artist Akihiro assembled Project Shura, a collection of 5,500 NFTs. Early in January, the project’s minting became live. Every 0.09 ETH was spent on 5,500 pfp NFTs. When the plan promised free items, a P2E game, social tokens, and more, it quickly drew people. Project Shura was even advertised on YouTube by JRNY!

Following the launch, the crew vanished for a whole month. They resurfaced in March, claiming to have taken a pause but still shutting down all Discord chat channels in response to the outrage. On March 18th, there were no fresh changes, and the floor remained at 0 ETH.

Check out, Azuki’s NFT into Space

The Investigation of Project Shura by @zachxbt’s

That’s when @zachxbt figured out something was amiss. In order to find out where the $1.75 million went, he scoured the internet. Most of the 495 ETH was divided between four different wallets and sent straight to CEXs, as reported by @zachxbt. The majority of the money, though, ended up in a public wallet.”

Zachxbt linked this wallet to @RoySaito_ETH (0x6a), who got 26% of Project Shura’s funding using a public wallet. In late January, @RoySaito_ETH (0x6a) flipped Azuki NFTs on his wallet using the money from the transaction.

A new project, SHOUNEN, was announced by @RoySaito_ETH (0x6a) and @zachxbt forewarned everyone about it. This serial con artist seems to have run into trouble. It is to be hoped that @zachxbt’s warning will prevent anybody else from falling victim to @RoySaito_ETH (0x6a).


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