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Hack history / 2022 / Rug pull

Frosties

Rug pull on Jan 9, 2022 · Rug Pull

SOURCES DISAGREE ON DATE OR LOSS · 2 SOURCES
Lost
$1M
sources: $1M to $1.1M
Returned
none listed
as the sources state it
Rank
#943
among thefts by dollars lost

What happened

The creator of the NFT project Frosties absconded with the money, causing investors to lose more than $1 million. According to available information, there are 8,888 NFTs in the series with a floor price of 0.04 ETH, roughly over $120. Within an hour, all NFTs were sold, but instead of getting their assets, investors found out that the project developers closed all communication with community members. Etherscan data shows that developers have moved most of the funds from the OpenSea account to another wallet.

Details

Date
Jan 9, 2022
Kind
Rug pull
Method
Rug Pull
How in
Insiders: rug pulls, frauds, collapses
Target
not stated
Chains
Ethereum

Reported by

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Cite this pageSwanBluechip, "Frosties rug pull, Jan 9, 2022: $1M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht0159c59e13/ (data as of 2026-10-31).
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