ZachXBT exposes Gamegear development 'scaredofboobs' as a fraud on platform X

On-chain investigator, ZachXBT, has warned that an account user, scaredofboobs, on social media platform X is a scammer known as NFT Machine.

NFT Machine was a formerly Twitter account run by Tyler Gaye, founder of OpenFT, a decentralised marketplace project.

The account was suspended for violating the platform’s rules.

Reports suggest that Gaye, a resident of Denver, and the NFT Machine account are the same entity. Gaye was sued by investors for allegedly creating a fraudulent scheme to raise money for nonfungible tokens (NFTs) for his personal collection.

Using the NFT Machine account, Gaye reportedly promoted OpenNFT, collecting $55,000 from investors.

The funds were allegedly used to purchase NFTs for his own collection, not for developing an NFT marketplace as promised.