SolGame NFT Rug Pull, Website and Social Media Shut Down

SolGame, a decentralised P2E (Play-2-Earn) NFT-focused project on Solana, appears to have pulled the rug after investors reported that the protocol’s social media channels and official website were shut down, denying them access to their money.

SolGame Offline – Developer Identified

On Christmas Day, a Twitter user by the name of Millesimal reported he had lost his money on Solgame after the official website, solgame.org, was shut down and the Discord channel deleted. The user managed to track down the developer, but there isn’t much information on either his whereabouts or his persona.

The project promoted the game using the voice actor of the Squid Game frontman and other promoters such as Plasma Crypto and NFT YouTuber Pingue. The presale was conducted and tokens sold out quickly, but the project was drifting away from customers and ultimately decided to delete all communication channels.

Yet Another Rug on the Solana Network?

Solana has been a fast gainer in the crypto market, with many innovative developments and interesting projects coming to the platform. Just last week, Crypto News Australia published a list of five interesting Solana NFT projects launching soon.

But scammers have tried to take advantage of the rising popularity of NFT projects on the network. On August 14, Solana suffered its first and biggest rugpull to date after Luna Yield, a cross-chain yield aggregator, stole nearly US$10 million from liquidity pools and quickly deleted its official website.