According to Foresight News, My Road, the operator of the NFT project Age of Zen (Aozen) involved in Rug's suspicion, was declared bankrupt by the Seoul Bankruptcy Court on the 29th. The court stated that "after the bankruptcy proceedings were completed, the final dividend was paid" and "creditors approved and officially went bankrupt."
Previously, Age of Zen (Aozen) announced a future roadmap, including puzzle games, NFT markets, decentralized finance (DeFi), and Stake, focusing on the metaverse worldview in 2022. However, My Road failed to properly implement the relevant roadmap and lost the trust of Aogen holders due to various noises such as contract issues with outsourcing partners and suspected plagiarism of NFT illustrations. In February 2023, My Road filed for bankruptcy with the Seoul Bankruptcy Court.