Gate News reports that on March 12, the on-chain trading card platform Fantasy.top faced accusations from angel investors, claiming the team went silent and refused to return approximately $50,000 in angel investments, sparking concerns of a “soft Rug Pull.” An investor stated that they never received the promised roadmap and financial statements, and that the funds were used by the team for salaries. Several well-known crypto investors also responded, sharing similar experiences, including Ethos Network CEO and 6th Man Ventures partner, who called on anonymous founder Travis Bickle to respond. In response to the allegations, founder Travis Bickle said there was “a lot of false information,” claiming that over the past two years, the company has fully self-funded through product revenue, which was reinvested into the development of multiple products and systems under the Fantasy app, and that investor funds were not used for operations. The company has years of operational funds and does not need to use investor capital. Fantasy.top is a game built on Blast Layer 2 that allows users to trade NFT-style “hero” cards of crypto influencers. In 2024, it ranked in the top ten protocols by fees and revenue on DeFiLlama. It previously completed a $4.25 million seed round led by Dragonfly and received support from Alliance DAO.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Kelp DAO refutes LayerZero criticism; Aave bad debt reaches up to $230 million
Kelp DAO issued a statement on April 21 rebutting LayerZero’s criticism of its 1/1 DVN configuration, pointing the root responsibility for the $292 million vulnerability in this incident to LayerZero’s infrastructure. Aave released an event impact assessment report: under a scenario where losses are evenly distributed, about $124 million; under a scenario where losses are concentrated on L2, they reach up to $230 million.
MarketWhisper36m ago
DefiLlama denies exaggerated claims about the metrics, saying that Aave data has been excluded from the circulating liquidity calculation
KelpDAO’s vulnerability caused Aave’s total value locked (TVL) to fall from $26.4 billion on April 18, 2026, to about $17 billion on April 21, and after DefiLlama founder 0xngmi officially responded on the X platform to accusations that its Aave TVL figures were inflated by circular liquidity, he said that the amount of borrowed tokens has been deducted from the TVL.
MarketWhisper1h ago
Dune Analysis: 47% of LayerZero OApps Use Minimum 1-of-1 DVN Security Configuration
Analysis of LayerZero OApps post-KelpDAO hack reveals significant security issues, with 47% using the least secure 1-of-1 DVN tier. KelpDAO’s rsETH token also operates at this vulnerable level, exposing risks in single-validator architectures.
GateNews2h ago
Claude Desktop Installation Reportedly Writes Backdoor File to Chromium-Based Browsers
The Claude Desktop application by Anthropic installs a backdoor file in Chromium-based browsers without user consent, posing serious security and privacy risks by potentially allowing attackers to control users' browsers.
GateNews3h ago
Chinese National Arrested at Buenos Aires Airport for $49.4M Crypto Fraud Scheme
A Chinese national was arrested in Argentina for carrying a forged Paraguayan passport. He is wanted for orchestrating a $49.4 million cryptocurrency fraud in Nigeria, and extradition proceedings are being initiated.
GateNews4h ago
Lido EarnETH Vault Exposed to $21.6M rsETH Following Kelp Bridge Exploit, DAO Sets $3M Loss Protection
On April 18, a Kelp cross-chain bridge exploit led to the theft of $292 million in rsETH. Lido reported $21.6 million in exposure via its EarnETH vault, prompting Aave to freeze relevant markets. EarnETH has paused transactions and is deleveraging, while Lido's DAO treasury implemented a $3 million protection mechanism to cover potential losses. The core staking protocol remains unaffected.
GateNews4h ago
