The founder of Fantasy.top denied allegations of a "soft rug pull" after angel investors accused the team of disappearing.
PANews reported on March 12th that, according to The Block, on-chain trading platform Fantasy.top is facing accusations from angel investors who claim the team has disappeared and refuses to return approximately $50,000 in angel investment, raising questions about a "soft pull." One investor stated that the promised roadmap and financial statements were never received, and the funds were used for team salaries. Several prominent crypto investors have also responded with similar experiences, including the CEO of Ethos Network and a partner at 6th Man Ventures, the latter of which called for an anonymous response from founder Travis Bickle. In response to the accusations, the founder stated that there is "a great deal of misinformation," claiming that the company has been entirely self-funded through product revenue for the past two years, with the revenue reinvested in the development of multiple products and systems within the Fantasy app, and that investor funds have not been used for operations. The company has years of operating capital and does not need to use investor funds.
It is understood that Fantasy.top is a Blast Layer 2-based game that allows users to trade NFT-style "hero" cards of crypto influencers. In 2024, it ranked among the top ten DeFiLlama protocols in terms of fees and revenue. It had previously completed a $4.25 million seed round of funding led by Dragonfly and received support from Alliance DAO.
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