New reports have revealed that the web3 game SolChicks kept losses of up to $20 million a secret from their community during the UST (TerraUSD) implosion. Crypto detective ZachXBT<\/a> took to Twitter to expose the May 2022 fiasco to the public. The leaked conversation is between CEO William Wu, and COO Lewis Grafton. Read on to learn more about the messages, and if SolChicks really lost $20 million.<\/p>\n The leaked messages are in the form of two screenshots of a WhatsApp conversation from May of 2022. In the first screenshot, dated May 10th 2022, SolChicks COO Lewis Grafton is enquiring about their anchor exposure. Then, the second screenshot, dated a day later on May 11th 2022, shows Lewis asking \u2018did you take anything out of anchor\u2019<\/em>. CEO William Wu replies \u2018No\u2019,<\/em> with Lewis then saying that if it (Terra) makes it way \u2018near back to peg\u2019 they should \u2018withdraw asap\u2019<\/em>.<\/p>\n Finally, there is some tension between the two parties, as the following day, May 12th, Lewis says \u2018Its about having the majority of the treasury allocated to a Ponzi scheme which is mid collapse\u2019<\/em>. Clearly this does not look good for SolChicks.<\/p>\n To begin, ZachXBT reached out to Lewis regarding the leaked messages. The COO replied that the team \u201cdecided that it was in the project\u2019s best interest not to make a public announcement.\u201d<\/em> He also added that the problem was \u201cdiscussed and disclosed with our largest private holders.\u201d<\/em> Upon digging deeper, Zach unveiled that this went against an internal email sent out about layoffs in the company.<\/p>\n ZachXBT<\/a> had earlier exposed SolChicks about their shady marketing tactics via a Twitter thread. This thread brought to light the fake strategies that Solchicks used to gain misleading traction on their project. Some of these tactics included buying fake Twitter followers, using Discord bots to spam\/DM groups of users, fake reddit campaigns, and more.<\/p>\n Shortly after his expos\u00e9<\/span>, Twitter bot accounts flooded in numbers to \u201cdefend\u201d the Solchicks project. Right after the bot attack, Catheon Gaming then released a statement deeming Zach a \u201cbad actor\u201d in the space. Furthermore, last year, the gaming company boasted over 100+ VC investments from various companies.<\/p>\n Solchicks is a fantasy NFT PvP<\/a> and P2E crypto gaming<\/a> ecosystem on the Solana blockchain. The fantasy game allows members to breed and fight\u2026you guessed it\u2026funny looking \u201cSolChicks\u201d. The SolChicks come in different avatars and players can also customize their chicks in-game with the customization options. The SolChicks are also a collection of 10,000 chicks among 5 rarity types.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n![\"a](\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/solchicks-illustrations2-scaled.jpeg.webp)
\n<\/picture>\n<\/noscript><\/p>\nSolChicks Leaked Messages: What do they contain?<\/span><\/h2>\n
![\"SolChicks](\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/FhomQxKXgAEhFFG-scaled.jpeg.webp)
\n<\/picture>\n<\/noscript>![\"leaked](\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/FhomQxRXEAIVbKP-scaled.jpeg.webp)
\n<\/picture>\n<\/noscript>Did SolChicks lose $20million?<\/span><\/h2>\n
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\n<\/picture><\/p>\n![\"\"](\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Untitled-design-9-1.png.webp)
\n<\/picture>\n<\/noscript><\/p>\nAbout The Project<\/span><\/h2>\n