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Adult film star Lana Rhoades deletes social media accounts after ‘rug pulling’ her NFT project By BTC Peers

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Adult film star Lana Rhoades deletes social media accounts after ‘rug pulling’ her NFT project

If you’ve been in the NFT space for some time, then chances are that you’ve either been the victim of a rug pull or read about one.

Uninitiated people may not know that a rug draw is when developers abandon a project in order to raise funds. Due to the anonymity of cryptocurrency, rug pulls are often executed by anonymous individuals (undoxxed).

Well, a known face has decided she wants “nothing to do” with NFTs after leading investors on. Many investors were left hanging after Lana Rhoades quit her NFT-project as an adult movie star. Rhoades has taken her Twitter account (NYSE:) down, despite having a large social media following.

In January, the popular adult film star debuted her CryptoSis NFT collection, with some media outlets describing it as a “well-crafted and developed collection with multiple drops in its plans.” Rhoades promoted the NFT project to her massive audience on both Instagram (16.8 million followers) and Twitter (1.5 million followers).

She made a lot of promises to potential holders, claiming that the NFT project will be “a lucrative investment for holders” and her core focus was on increasing the value of the NFTs. Other benefits she promised to holders included physical merchandise and future exclusive drops. She even offered direct interaction with her in metaverse. However, things didn’t exactly go as planned and her expectations that the collection would quickly sell out were met with disappointment.

She noticed that NFTs weren’t selling as quickly as she expected, so she decided to reduce the size of her collection to 6,969 then 6,069 in order to improve its appeal. The move didn’t do much for the project, unfortunately. On January 22, she tried to boost the confidence of her community, writing, “we will be sold out by tomorrow and working on the next phase of the plan.”

Rhoades had to retract her previous promises after realizing that things weren’t going according to plan. She admitted that she was not sure that she could turn the investment around or even “make people profit.” She appeared to have pushed the responsibility of making the project successful and bringing value to CryptoSis to her community.

It was not what the NFT community expected. YouTuber Coffeezilla called Rhoades’ CryptoSis project a rug pull in a video. Rhoades responded by publishing several angry tweets, before deleting her account. Rhoades dubbed YouTubers “sickos” and denied the claim of scamming her community.

I have never and will never scam anyone, I don’t need to.

The floor price for NFTs has fallen to 0.01 Ethereum, or around $26. This drastic decrease is from the initial mint price of 0.01 ETH ($261).

Rhoades, however, has repaid the money she received from the project and has disassociated herself from it. She claims that she must pay the team of developers.

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