The sale of 16 NFTS spells of the Solana portfolio of the former CEO of Degods, Rohun Vora, popularly known as Frank Degods, has sparked intense debate within the cryptographic community.
The unexpected movement has led to speculations on its motivations and its timing. In particular, bulk sales occurred only three days after Frank officially announced his resignation as CEO of Degods.
Frank’s resignation and the sudden sale of 16 NFT
Frank Degods, the founder of Degods, announced his resignation as CEO via his X account on May 12, 2025. He shared that he would withdraw from leadership after three years of dedication.
“I devoted 3 years of white nights trying to make the success of the Degods & Y00ts. I am proud of the work I did. I am delighted to resign to the team and to watch them cook.
Only a few days after the announcement of the resignation, Frank’s Solana portfolio was compromised, leading to the sale of 16 NFTS captivations on the Magic Eden platform.
According to an allegedly discordal cat from the Devods team, Frank’s account was hacked. The laptop he used for transactions has been compromised, allowing the pirate to earn more than 108 soil, equivalent to nearly $ 19,000, stolen NFT.
Has a hacking or Frank sold the NFT itself?
Frank and the team insist that it was a hack. However, the cryptographic community remains divided, some believing the claim and others questioning its motivations.
“I don’t see any other stolen asset. So, the pirate was kind enough to sell only his degreases and nothing else? ” A user X questioned.
Another X user claimed that the timing of The sale is suspect. Meanwhile, other users have suggested that the incident could be a decision staged to allow Frank to leave the project without a counterpoup.
These suspicions are not without foundation. The time of the hack, after Frank’s resignation, raises questions about the intention. In addition, the value of the Degods has considerably decreased by its peak by more than $ 37,000 to only $ 1,000.
Some speculate that Frank may have chosen this moment to “withdraw” before the value of the NFT still drops. However, no concrete evidence supports these accusations, and Frank maintains that he was the victim of a cyber attack.
This drop reflects the broader feeling of the NFT market, which has cooled considerably since the boom 2021-2022.
In addition, Degods has already faced controversy, in particular with its decision to migrate from Solana to Ethereum and later return to Solana, alienating parts of his community. These choices and the lack of innovation and pressure on the market have eroded the old importance of Degod.
Whether authentic or orchestrated, Frank’s hack has amplified uncertainty, letting investors question the project recovery potential.
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