So last year Frank DeGods stepped down as CEO of the DeGods NFT project on Solana, right? Pretty normal exit announcement. But then like three days later his wallet gets 'hacked' and 16 DeGods NFTs get dumped on Magic Eden for over 100 SOL. The official story is his laptop got compromised, classic hack situation. Except... the crypto community is not buying it lol. Everyone's pointing out that only the NFTs got stolen, nothing else from the wallet touched. And the timing? Right after his resignation announcement? Come on. Some people think Frank DeGods just wanted an exit strategy without looking like he's abandoning ship while the project's in trouble. Can't really blame them for being suspicious either - DeGods went from $37k per NFT down to like $1k. That's brutal. The project migrated from Solana to Ethereum then back to Solana, lost community trust, no real innovation happening. Whether it was actually a hack or Frank DeGods just took the opportunity to cash out before things got worse, nobody really knows. Frank and the team insist it was a cyberattack but the whole thing just feels off timing-wise. Either way the project's credibility took another hit and investors are probably wondering if DeGods can even recover from this.

SOL-0.26%
ETH0.78%
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