This is Jack Shi He made $4M from his NFT mint A few months later he quit Here is an untold story of how a massage therapist convinced people to give him millions: 1/14

Jack (Xiaocheng) Shi got into crypto early, way back in 2013 Still, he only pocketed a few hundred bucks So, for years, he stuck with WEB2... 2/14

He started as a developer but quit to become a *checks notes*... massage therapist He made a brief comeback to crypto in 2017, but it didn't go well... 3/14

And with a bull of 2021, Jack decided to try his luck again This time he finally made money Feeling that he is an "expert" he decided to launch an NFT project↓ 4/14

This was peak NFT bullmarket So Jack had no issue selling 25,000 SOL worth of NFTs And at first, it was going well... 5/14

He even decided to make Neonexus a "security" and airdrop NEO coins to their holders And for some time this kept things steady 6/14

While the project was doing well Jack didn't hesitate to promote a bunch of soon-to-be rugpulls But everything comes to an end... 7/14

Once bear market started Jack announced that the project "ran out of funds" He said it was due to paying "employees" But was it? 8/14

Here's Jack saying his employees worked for free So where did the $4M go? 9/14

Despite popular belief that Jack spent money on lambos - he didn't The car in the picture? Not his — belongs to a private collector group They wanted to release an NFT collection and used Jack for promo So, where's the money? Let's check the blockchain... 10/14

At first, SOL made from mint was dispersed into several wallets But eventually, it all ended up being sent to the same Kraken wallet Looks like a dead end So where did the funds go? Well, here's a clue: 11/14

Jack lists himself as a "self-employed sportstrader" on LinkedIn His old Twitter follows sports betting accounts If he hasn't worked since the project, did he fund himself from the "salary" he paid? 12/14

What's Jack up to now? According to his Facebook, he is traveling the world and doing rock climbing The funniest part? His favorite quote (see last pic). 13/14

TLDR: • Raised $4M • Promoted a ton of rugpulls • Said his project "ran out of funds" and abandoned it • Now he is traveling the world Lesson: Don't give money to anyone who says "credentials don't matter in crypto" 14/14

It took me almost a week to prepare this thread. I hope you found it useful. Follow me @PixSorcerer for more. Like/Retweet the first tweet below to spread awareness:

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