Mistakes After Frank Degods' Wallet Was Robbed

Recently, DeGods founder Frank, also known as Rohun Vora, came under fire after his Solana wallet was hacked. In a short period of time, a whopping 16 unique DeGods NFTs were sold. This happened immediately after he announced that he would be stepping down from his role as CEO. Frank stated that the sales were the result of an attack via a compromised trading laptop, and not due to his departure.

Continuation of the Issue

The malicious attacker managed to steal more than 108 SOL, which equates to nearly $19.000, by selling the stolen NFTs. Among these NFTs was a DeGod wearing a mythical helmet, one of the rarest features in the collection. Some traders in the crypto community on X (formerly Twitter) began speculating that Frank himself had sold these assets, but he strongly denied these rumors. “It’s just ridiculous,” he stated. “The headlines are obviously funny, but I have no plans to sell my DeGods assets. I’m honestly optimistic that the team will do a great job.”

Communicating with the Community

In a post on the DeGods Discord, Frank said he was still trying to understand exactly what happened, but he believes the issue was limited to his single wallet. “It could have been a lot worse,” he said, adding that he would be reviewing all of his operational security in the wake of the incident. Despite losing 16 NFTs, he still has many more DeGods NFTs in other wallets, which gives him peace of mind. “If someone wanted to use that wallet to make money, there were more efficient ways to do that, like launching a coin or buying low caps to sell on copytraders,” he added.

Destruction of Rumors

Frank also shared another Solana address with over $50.000 worth of the DeGods token, DEGOD, showing his continued commitment to the brand, despite no longer being CEO, which will now be led by pseudonymous team members Pasta and Chill. “I’m excited to hand over the reins to the team and watch them thrive. We may look back on this obsession with ‘Frank DeGods’ as something that held us back,” he said on Monday.

Back to Basics

Frank reappeared on X this week to announce his departure, having been absent for some time in previous months. DeGods, once an NFT project that originated on the Solana blockchain, has developed into one of the most fervent communities in crypto. Over the past year, they’ve built a diverse ecosystem, including a companion collection and even an entry into Ice Cube’s BIG3 basketball league. Still, the brand has faced controversy for migrating off blockchain multiple times and has had to deal with the drop in demand that has hit all NFT projects since the 2021-2022 bull run. The collection’s floor price, previously over $37.000, has now fallen to just over $1.000.

Frequently Asked Questions

What exactly happened to the DeGods NFTs?
A total of 16 DeGods NFTs were sold from Frank's wallet, which was compromised in a hacker attack.

What is the status of Frank's involvement in the project?
Although Frank has stepped down from his role as CEO, he remains involved in the DeGods community and its investments.

How has the DeGods collection developed over the years?
DeGods has grown from a simple NFT project to an influential player in the crypto and NFT scene, with a strong community and diversification in their offering.