Canadian class action lawsuit against Boneheads, an NFT project, has allegedly involved a $3.1 million NFT pull, according to findings by independent blockchain investigator ZachXBT. In a tweet, ZachXBT cited his earlier complaints about the Boneheads team 's disappearance and alleged misuse of funds. The The lawsuit, originally filed in mid-June, accuses the Boneheads team of breaching contracts with investors, including failure to deliver on project commitments and misappropriation of funds.
The lawsuit allegations that the Boneheads team failed to fulfill its roadmap commitments, including airdrops, tokens, physical collectibles, market access, and other promises made to purchasers of Boneheads NFTs. ZachXBT's investigative work, which uncovered the alleged misappropriation of funds and the key individuals behind the project, has been referenced in the lawsuit. His findings highlighted the team's inactivity and the discrepancies between their actions and the promised roadmap.
The Boneheads team responded to ZachXBT's initial post, claiming that Boneheads was not a scam but rather a "deliberately slow creative process." They announced the release of a new series, which had not been mentioned before, coinciding with the project's anniversaries ary in august 2022 However, the lawsuit contends that the team did not deliver on their promises and engaged in deceptive practices.
ZachXBT's investigative work has been instrumental in various cases involving bad actors in the NFT space. In one instance, his findings led to the seizure of 86.5 ETH by the FBI after uncovering phishing scammers who had stolen $100,000 worth of NFTs. Additionally, France's national cyber agency acknowledged ZachXBT's contributions in catching and charging a group of phishing scammers who allegedly stole $2.5 million worth of NFTs.
The utilization of ZachXBT's research in the Boneheads lawsuit demonstrates the growing reliance on independent investigators to uncover fraudulent activities in the NFT ecosystem. Such investigations help to build cases against those accused of misconduct and provide evidence to support legal action.
