Ozzy Osbourne’s NFT Company Got a Bunch of His Followers Scammed Out of Their Money

When he launched his NFT company last year, rock star Ozzy Osbourne probably didn't think of scamming people out of thousands of dollars.

The black bat that the singer ate on stage was created in LA and is referred to as a "collectible NFT batz created in LA".

The company didn't take the account down until the publication asked them for comment, and it wasn't cool that it happened in December.

Tim Silman lost money through the scam. Silman estimates he lost $300 and $400 in his wallet after visiting the fake Discord server.

Silman said that he had seen at least a dozen people on the social networking site. Others lost more than me if you look at the transactions.

Paranoid.

The Verge has an image credit.

The account has been deleted, but the Verge still has a picture of it.

Like many NFT projects, CryptoBatz uses a Discord account to organize its community. The previous URL for the Discord was different, but it is now located at discord.gg/cryptobatz. When they switched to the new URL, a fake Discord server was set up.

There seems to be little legal recourse for people who have been affected by the partnership. Imagine being robbed and not being able to file a police report.

It was supposed to be about freedom, redistribution of wealth and decentralizing finance. It is hard not to think that more regulation is needed because so many everyday people are losing money and assets to scam artists.

There is more on the drama.

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