The NFT project called Iconics, operating on the Solana blockchain, was expected to provide 8,000 random 3D artworks to investors.
In the pre-sale, 2,000 pieces were sold for 0.5 SOL each, totaling around $140,000 at that time.
However, instead of receiving the promised artwork, investors discovered a random assortment of emojis in their wallets, prompting them to share their unfortunate experience on social media.
Shortly afterward, the supposed 17-year-old artist in charge of the project deleted Iconics' Twitter account and disabled the chat feature in the Discord group.
Since cryptocurrencies allow for anonymity, it remains uncertain whether the wrongdoers will ever be identified and held responsible for their actions.
Unfortunately, this rug pull is just one of many similar incidents that have happened in the past.
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