Artists & Celebrities Who've Been Linked to NFT Scams or Failed Projects

Artists & Celebrities Who've Been Linked to NFT Scams or Failed Projects

1. Logan Paul

• Project: CryptoZoo

• What Happened: Marketed as a play-to-earn NFT game with custom animals. Fans invested millions. The project never launched properly, and developers claimed they were underpaid or unpaid. Logan later admitted the project "didn't go as planned" and announced a refund plan after major backlash.

2. Floyd Mayweather

• Project: Multiple (EthereumMax, Bored Bunny, Mayweverse)

• What Happened: Promoted various NFT and crypto projects that flopped. Failed to disclose paid promotions. Faced lawsuits for misleading investors in EthereumMax.

3. Lana Rhoades

• Project: Cryptosis

• What Happened: Promised long-term engagement and utility. After selling out the collection, she ghosted the community. The project’s value tanked and investors accused her of a rug pull.

4. Soulja Boy

• Project: Multiple (including EthereumMax)

• What Happened: Involved in various crypto and NFT promotions without disclosing sponsorships. Faced regulatory scrutiny for deceptive marketing.

5. Jake Paul

• Project: StickDix, Sacred Devils, and others

• What Happened: Promoted multiple NFT and crypto projects that quickly tanked. Accused of pumping and dumping tokens and failing to disclose financial ties.

6. Tana Mongeau

• Project: Tana NFTs

• What Happened: Launched NFTs tied to "exclusive content" and events. Many fans reported the perks were never delivered. Project faded with little explanation.

7. Rapper Lil Yachty

• Project: YachtyCoin / NFT promotions

• What Happened: Promoted several NFT/crypto projects that plummeted in value. Named in lawsuits for endorsing pump-and-dump schemes without disclosure.

8. The Weeknd

• Project: NFT drop with Nifty Gateway

• What Happened: While not an outright scam, many fans felt duped after paying high mint prices only to see resale values crash. Critics questioned the value and sustainability of celeb-backed NFT drops.

9. John Cena

• Project: WWE NFTs

• What Happened: Admitted the NFT launch was a "catastrophic failure." Out of 500 NFTs, only 37 sold. Fans felt misled by inflated pricing and lack of utility.

10. Grimes

• Project: WarNymph Collection

• What Happened: Sold $6 million in NFTs. Not a scam per se, but fans criticized the cash-grab nature, especially when resale values tanked soon after. The market viewed it as exploitative.

???? Key Takeaway

Not all of these figures intended to scam, but their involvement helped promote projects that lacked substance, transparency, or long-term value. The result was the same: fans and followers lost money while public figures walked away with profits or plausible deniability.