NFT Watchdog Group Sees Its NFT Collection Exploited Rug Pull | NFTs & DeFi 🗓
NFT Watchdog Group Sees Its NFT Collection Exploited
Rug Pull Finder, an NFT watchdog group that seeks to prevent fraud, hacks, and scams in the non-fungible token space, has seen its own NFT project exploited. But a flaw in its smart contract made it possible for two people to mint 450 NFTs instead of the permissible one NFT per wallet. Rug Pull Finder announced the development itself, saying it was informed of the exploit 30 minutes before the mint went live, but they “did not believe the credibility of the information sent to.” Meanwhile, community members made fun of the group’s inability to prevent the exploit, with crypto sec expert OKHotshot pointing out that the 400 NFT mint was technically not a hack or exploit because the contract allowed it.
