# How a Smart Contract Exploit Led to $34 Million Locked Forever – Akutars NFT Collection

Poof, it's gone. The money is gone. Technically, it's still there, but gone. Micah Johnson’s NFT project failed after an exploit where people lost over $34 million. There was an issue with the smart contract which resulted in a huge loss to the holders. Micah Johnson created the Akutars Project when

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| Published | 29 April 2022 |

Source: https://egamers.io/how-a-smart-contract-exploit-led-to-34-million-locked-forever-akutars-nft-collection/