D3gens Cautions Community After AptosChimp Rugs 1.5M APT Token

• D3gens warns the community about a 1.5M APT token rug pull.
• The account rectified later that only 4-5K were siphoned.
• Regardless of the amount, D3gens warns the community to be vigilant.

D3gens, a fan page for the Aptos community, raised the alarm of a future potential rug pull scam by AptosChimp, an NFT project. D3gens warned the community of a possible rug-pull following the wallet drain of 1.5 million $APT, Aptos token, that costs $12,600,000.

According to Business News, a news platform, it is reported that the NFT project required only a gas fee for free mints. However, D3gens reported that the wallets allegedly associated with the AptosChimps project had been drained of $12 million.

In a follow-up Twitter post, D3gens accepted that they made a mistake by saying that 1.5 million tokens amounting to $12 million were withdrawn. Apparently, D3gens rectified its mistake and reported that only 4 – 5K tokens were siphoned off.

Nonetheless, D3gens insisted that regardless of the amount, the message is still the same, and it warned the Aptos community to be vigilant of scam projects.

Known as “Solana Killer”, Aptos is a layer-1 PoS blockchain created by two former devs of Diem Group, Mo Sheik and Avery Chang. The duo worked on Libra/Diam, Meta’s now-defunct stablecoin project.

However, Diem was put on hold due to the mounting regulatory pressure. The regulators thought that if Meta were allowed to make a currency of its own, there would be monopoly issues.

Nonetheless, amid such adverse circumstances, the two developers who saw potential in the technology continued to work with the project and built Aptos eventually.