Alleged Theft of DeGods CEO Frank’s Wallet

Following claims that former DeGods CEO Rohun Vora, also known as Frank DeGods, experienced a wallet hack that resulted in the unauthorized sale of 16 DeGods NFTs worth approximately $19,000, the NFT community is abuzz. This incident occurred just a few days after Frank’s resignation, raising concerns about the security protocols and transparency within the DeGods project.

Frank announced his departure from DeGods on May 12, 2025, via his X (formerly Twitter) account, stating, “I spent 3 years of sleepless nights working to make DeGods & y00ts a success. I feel proud of what I achieved.” Just three days later, sixteen DeGods NFTs from his Solana wallet were sold on the Magic Eden marketplace, totaling over 108 SOL, roughly $19,000.

Allegations of Security Breach

According to a Discord message purportedly from the DeGods team, Frank’s laptop, which he used for transactions, was compromised. This hack allegedly permitted an unauthorized individual to access his wallet and sell the NFTs. The team emphasized that no other assets were reported missing; only the NFTs were affected.

Community Concerns and Speculations

Despite official statements, the NFT community remains divided. Some members question the timing of the event, as the sales began shortly after Frank’s resignation. Others point out that only DeGods NFTs were sold, suggesting the possibility of a planned liquidation rather than a hack. The lack of concrete evidence has fueled ongoing discussions about the true nature of the incident.

Ongoing Challenges for DeGods

This incident adds to the challenges DeGods is already facing. Finn DeGods, a co-founder, departed the initiative in August 2023, citing a need to initiate the next phase. The project has also received criticism over its migration from Solana to Ethereum and back, along with the November 2023 closure of its Points Parler incentive program. These events have contributed to a decline in overall market value and community trust.

The Need for Enhanced Security Measures

The alleged hack emphasizes the critical importance of robust security measures in the NFT ecosystem. Project managers and participants must prioritize the protection of wallets and sensitive data as digital assets continue to grow in value. For the broader crypto community, this incident serves as a cautionary tale highlighting the potential dangers of inadequate security protocols.

Incident Raises Serious Questions

The alleged wallet hack of Frank DeGods has sparked significant questions regarding security and transparency within the DeGods project and the NFT community at large. Stakeholders are awaiting further clarification as investigations continue to restore confidence and ensure the integrity of digital asset management practices.

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