DeAaron Fox Allegedly Steals $1.5M From NFT Project He Abandoned; Blames the timing of the launch » FirstSportz

A lot of controversy is coming to DeAaron Fox, and for an athlete of his caliber, it’s not coming from the basketball court, it’s coming from the NFT world, as it is now alleged that the player stole over $1.5 million from an NFT project, the recently started and then gave up for various reasons. Fox, who launched the project on March 15^th January blamed several things for the project’s failure, the most important of which was the timing of its release. From the looks of it, people on social media are assuming Fox’s team will keep all the money and they’ll get nothing but signed shirts.

DeAaron Fox, an active investor in the NFT marketplace, decided it would be fair for him to start his own project, which was valued at around $1.5 million at the time it was coined, and now the project is being phased out given up for various reasons, and it has been said that people are not getting their money back and implied that Fox stole their money.

The NFT project started by DeAaron Fox was one of the most ambitious projects and had a lot of wiggle room, but now that it has been decided that the project will be wound up all wiggle room and opportunity seems to be gone for it and the money of all the people who invested in it , will also be lost with no refund being issued.

Now let’s take a closer look at this sequence as DeAaron Fox was called a thief for stealing people’s money and giving them cheap autographed jerseys in return.

DeAaron Fox called a thief for breaking up the $1.5 million NFT project

All Fox investors are now pissed that they aren’t being equally compensated for their investment in DeAaron Fox’s NFT project, which was huge in scope, including things like All-Star game tickets, a Metaverse basketball court, and even a stipend at Fox’s alma mater, the University of Kentucky, in addition to 3D “Fox” avatars that attracted many people, making it one of the most ambitious sports NFT projects.

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In a series of tweets, Fox emphasized that he and his team had decided to scrap his NFT project, which he says was due to the wrong timing of the launch. said fox“The time and attention that you all deserve and that I wanted to give you all/what this project costs was not known to me and I overreached and stretched myself too much”.

In response, he said on his 106,000-strong Discord channel that he would be giving “All Rookies” members (those who had bought between 5 and 9 NFTs) a signed jersey, currently valued at between $75 and $145 while De’Aaron also vowed to “thank” MVPs (those who have purchased at least 20 NFTs), though the nature of the inducement is still unknown.

The project, which suddenly aired, caused a lot of anger and disappointment among the 3000 Fox investors, who were looking for something more than cheap autographed jerseys and at least some proper justification and explanation.

I would like to address an NFT project that we recently started. The start of the project came at a bad time. I have delegated certain aspects to the launch of the NFT to try to work with professionals. We were not satisfied with the execution and consumption of my time and attention during the NBA season.

— De’Aaron Fox (@swipathefox) February 24, 2022

Now let’s take a look at people’s reactions on Twitter to this incident where Fox was called a thief for stealing around $1.5 million worth of investors’ money from exactly 475 ETH users, which will return nothing to users, including no explanation. Although Fox seems remorseful, it’s almost certain that people won’t get their money back, and it’s also obvious that they can’t deal with his remorse.

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