Crypto Guy Forced to Sell Monkeys After Falling for Scam

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“Please learn every possible lesson from this.”

Yet another NFT collector got caught up in a scam, losing millions of crypto dollars in the process.

Collector and aerospace engineer Frank Caldwell II, better known by his online alias FranklinIsBored, was forced to sell a number of his Bored Ape NFTs after losing 2,000 Ether, worth just under 4 million dollars, for the benefit of a Ponzi scheme.

This is a sign that people in the crypto space are still caught up in multi-million dollar rackets despite the well-known fact that the largely unregulated industry is absolutely riddled with it.

In a recent tweet, Caldwell lamented that he was “pulled to the mat” after investing in a scam, “thinking it was believable due to who else invested.”

“Someone used our $$ as a casino to play ponzi and threw it down the drain,” he wrote. “Please learn every possible lesson from this.”

Lesson learned?

Speaking of learning lessons, Caldwell is practically the poster child for making bad decisions when it comes to the crypto and NFT space.

This is the third time the Collector has lost significant amounts of his crypto wealth, as reported by Protos. In July 2022, for example, Caldwell lost 100 Ether after making a “prank” bid for a domain name he was selling.

“It will be the joke and the awkwardness of the century,” he wrote at the time. “I deserve all the jokes and criticism.”

Caldwell also launched an NFT project early last year which later turned out to be a draw.

Now the collector’s OpenSea account is down to just two monkeys. That’s a big drop from the over-60s he once held, according to Protos.

That leaves the question: Has Caldwell finally learned his lesson? Given his last tweet, it’s a resounding…maybe?

“I will not be involved in NFT/Twitter trading for some time, and will only focus on my private life for now with my remaining monkeys,” Caldwell wrote.

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