With the launch of its latest project at the start of the year, TheShifters.io nurtured the ambition of becoming a successful NFT collection. Previous collections received critical acclaim, with one character, Vortex, earning more than USD 1 million.
Repeated FUD (fear, uncertainty, and doubt) attacks on Discord, however, have sabotaged such goals. “The number of FUD assaults on all new NFTs is now out of control,” Andrew Brown, the collection’s developer, remarked.
He said that the team had put in endless hours and spent a lot of time promoting the idea. Brown stated his displeasure that people are tarnishing the brand’s reputation “by disseminating false information about them on the internet.”
“The toxic nature of the NFT industry today makes fresh collection launches almost impossible to succeed in,” he stated.
The hackers stole over USD 2 million by building a fake website for The Shifters to dupe unsuspecting investors into purchasing fake NFTs. The complex scam also includes the use of an illegal mint connection to receive payment for the fake NFTs.
“We believe that there were roughly USD 2 million in fraudulent transactions employing bogus shifters,” Brown added. “We are doing all we can to educate consumers on the proper manner of purchasing them and hope that no one else is duped by these hackers.”