Twitter has been warning about the projects, and now SudoRare has run away from existence as the project disappeared with more than $800,000 in user funds.
Yet another horror story for NFT lovers as SudoRare happens to be the latest project that ran away with user funds and disappeared from social media. This happened this Tuesday morning as, despite all the warnings from Twitter users about the project’s credibility, the project deleted all of their social media accounts.
Shabby Must Think, “they called me a mad man.”
Yes, As you can see above, Twitter user @shabby warned the community that they could literally run away with your money.
Apart from @shabby, there was another user, @OxStanec, who was sure that the project is a 1001% scam. Here’s what he said:
Yes, They don’t exist anymore.
SudoRare used to be an automated platform for market makers and NFT marketplaces. It was also used to advertise staking opportunities for cryptocurrencies, such as XMON, LOOKS, and Wrapped Ethereum (wETH). As SudoRare was forked from SudoSwap and LooksRare (LOOKS being the native token of LooksRare), the platform was home to the token as well as the ones mentioned above.
LOOKS made a good impression as the token was swapped in 154.5 ETH as soon as it went live six hours. According to Etherscan, another 230 LOOKS were converted into USDC.
At the time of writing, all the 519 ETH were then taken off the platform as the team vanished in a blink of an eye. According to PeckShieldAlert, the stolen funds were transferred to 3 addresses as the website sudorare.xyz went down out of the blue.