NFT Ethics, a group dedicated to promoting ethical practices in the NFT space, has exposed the identity of a man known for orchestrating pump and dump schemes. Surprisingly, it is none other than Kevin Pawlak, the Head of Ventures at OpenSea.
One notable incident involving Kevin is his involvement in the AnubisDAO project, where approximately $60 million was stolen from investors through a "rugpull" attack. This scheme was executed in collaboration with Alameda Research, a company founded by Bankman Fried from FTX.
While there is currently no evidence to suggest that Kevin exploited his position at OpenSea for personal gain, the possibility cannot be ruled out.
This revelation is undoubtedly a disheartening situation for OpenSea. The marketplace's reputation is at risk of significant damage, which is particularly concerning considering the challenges it already faces.