DeGods Founder Faces NFT Wallet Breach, Significant Losses Reported

According to PANews, DeGods founder Frank, also known as Rohun Vora, experienced a security breach in his Solana wallet, resulting in the unauthorized sale of 16 DeGods NFTs. The incident led to a loss of approximately 108 SOL, equivalent to $19,000. This breach occurred just three days after Frank announced his resignation as CEO. He confirmed to the media that the incident was a hacking attack and dismissed rumors suggesting he had sold the NFTs himself, emphasizing that he still holds a substantial amount of DeGods assets. The floor price of DeGods NFTs has significantly dropped from a peak of $37,000 in 2023 to around $1,000 currently. This week, Frank handed over the project to team members known by the pseudonyms Pasta and Chill, while he continues to hold over $50,000 worth of DEGOD ecosystem tokens. The NFT project has previously faced controversy due to multiple cross-chain migrations and had invested in shares of a BIG3 basketball league team in 2022.