Tragedy or rug pull? Inside the collapse of a ‘charitable’ NFT project By Cointelegraph

Launched in November 2021, nonfungible token (NFT) marketplace Orica held itself up as an “ethical platform” benefitting artists, collectors and charities alike. At the time, the organization was involved in prominent projects — from building a school in Uganda to aiding victims of human trafficking to helping Ukraine.

But less than two years later, the project’s founders have disappeared, and the marketplace’s user interface has gone offline. All that remains are the project’s charity efforts, which proved to be genuine, in tandem with allegations from disgruntled users that the developers orchestrated a rug pull. In a new revelation, co-founder Danial Zey breaks his yearlong silence, not only denying all allegations and insisting the project was “hacked” but also claiming that the project is still ongoing. Cointelegraph investigates.