NFT: The Billionaire Dogs Collection was a scam

The NFT Collection Billionaire Dogs which was heavily promoted by a popular French influencer was actually a scam. Indeed, the developers of the collection have stolen 100% of the funds invested by thousands of users, after making various promises to them. The French influencer would be responsible for this scam.

An NFT collection that has interested thousands of users

More and more NFT collections are actually scams. The NFT Collection Billionaire Dogs is another one of those collections that has allowed scammers to dishonestly enrich themselves. It had attracted thousands of users thanks to the famous French influencer Laurent Correia who had actively promoted it. It must be said that Correia has three million subscribers on Instagram.

That said, the NFT collection Billionaire Dogs was launched in mid-December 2021. The developers announced that they offer 6,500 NFT coins for 0.1 ETH per coin in private presale and 0.2 ETH during public sale. The collection’s marketing strategy focused on giveaways in money and luxury goods. It clearly looked shady, but the project attracted users.

Since the number of the latter is not enough to sell all the NFT coins, the developers have reduces total supply to 2,000 NFTs. This allowed them to sell about a million dollars worth of tokens. However, after a week of selling, the developers disappeared with 100% of user funds. They also took down the Discord server and the collection’s website.

The French influencer Laurent Correia would be responsible for the scam

You should know that the French influencer Laurent Correia does not really know about blockchain technology or cryptocurrencies. He nevertheless appears clearly responsible for this scam. Indeed, surveys have revealed that received $400,000 on his public wallet when the developers of the NFT collection Billionaire Dogs disappeared.

Then the influencer decided to publicly buy a rather expensive NFT. He then used the NFT as his profile picture on Instagram. This proves even more that it is indeed linked to the public wallet having received the 400,000 dollars.

NFT Collection Developers Billionaire Dogs disappeared along with all the funds sent by thousands of users to purchase the 2,000 NFTs they offered. Various sources have proven that the French influencer Laurent Correia, who promoted this collection, is responsible for the scam.

Source: U.Today

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Luc Jose Adjinacou

Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.

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NFT: The Billionaire Dogs Collection was a scam

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