D3gens Warns Aptos Community of Potential Rug Pull Scam Involving 1.5M APT Tokens

D3gens Warns of Potential Rug Pull Scam

D3gens, a fan page for the Aptos community, has issued a warning regarding a potential rug pull scam involving 1.5 million APT tokens. Initially reported as a $12.6 million theft, D3gens later corrected the figure to 4-5K tokens, yet the cautionary message remains unchanged: the community must stay vigilant against fraudulent projects.

Details of the AptosChimp Incident

The NFT project, AptosChimp, offered free mints requiring only a gas fee, which may have been a tactic to exploit users. D3gens highlighted the risks associated with stealth launches and free mints on new blockchains, urging the community to exercise caution.

Background on Aptos

Aptos, dubbed the "Solana Killer," is a layer-1 proof-of-stake blockchain developed by Mo Sheik and Avery Chang, former developers of Meta's Diem project. Despite regulatory challenges that halted Diem, the developers continued their work, leading to the creation of Aptos, showcasing the potential of blockchain technology.

Correction and Ongoing Warning

Although the initial figure was corrected, D3gens reiterated the importance of awareness. The incident underscores the risks of scams in the blockchain ecosystem, particularly with new projects offering attractive incentives like free mints.

The Aptos community is advised to remain alert and cautious, prioritizing security and due diligence in engaging with new projects.