With the Filipino-made NFT project Surf Shark Society (SSS) biting the dust, there has been a lot of buzz on social media about the project’s fate. Especially considering that thousands of people have placed their trust in the much-hyped project.
Here’s what has happened thus far in the past few days since the rugpull happened.
The people behind SSS have announced on Discord that they are claiming responsibility for the funds lost from the rugpull, estimated above $200,000.
They have also claimed to take the following steps:
They have also released the following key statement regarding the situation:
“We would like to ask for your understanding regarding our situation. We are also shocked and devastated as to what happened. We do not have any intention to hurt anyone but we commit to refund all the holders in due time. We already sought help from law enforcement authorities. Please give us time to make amends. We apologize to everyone who got involved with our circumstances. We are not affiliated with any of the partners and influencers in the past.”
The above statement is a clear commitment to the holders of said SSS NFTs.
There were two major updates regarding the refund.
There were no new announcements, though one of the developers have stated the following on Discord:
“Refunds here work from the highest number shark to lowest (sic). Not every shark was refunded yet due to the inactivity of banks on weekends. We will resume tomorrow if it cannot be done today. Please refrain from side comments and only type here what’s relevant.”
Based on the available logs, it seems that over 200 players have been able to receive their refunds on their respective wallets, with multiple screenshots to back up the resolution of their respective claims.
Finally, when one of the members of the project’s Discord asked whether there was any way the project could continue in the foreseeable future, the answer was simple.
“No.”
After withdrawing around $76,600 (~944 SOL) from the bank and another round of consultations with their lawyers, the people behind SSS have continued their refunds
Here are the main things that we could glean from these developments:
We here at P2E News hope that it all comes to a favorable resolution for everyone involved in this crisis.
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