One might think the blatant rip-off of the Pokémon IP (which belongs to a notoriously litigious company) might have been a red flag, but nevertheless, people bought in to PokémonFi — a play-to-earn game that seems like a much worse version of the original thing.
The project and tokens first launched in April. After apparently running off with the money, the project deleted its Twitter account, though its website remained live.