Fantasy.top founder denies "soft Rug Pull" allegations, states investor funds were not used

Gate News reports that on March 12, the on-chain trading card platform Fantasy.top faced accusations from angel investors, claiming the team went silent and refused to return approximately $50,000 in angel investments, sparking concerns of a “soft Rug Pull.” An investor stated that they never received the promised roadmap and financial statements, and that the funds were used by the team for salaries. Several well-known crypto investors also responded, sharing similar experiences, including Ethos Network CEO and 6th Man Ventures partner, who called on anonymous founder Travis Bickle to respond. In response to the allegations, founder Travis Bickle said there was “a lot of false information,” claiming that over the past two years, the company has fully self-funded through product revenue, which was reinvested into the development of multiple products and systems under the Fantasy app, and that investor funds were not used for operations. The company has years of operational funds and does not need to use investor capital. Fantasy.top is a game built on Blast Layer 2 that allows users to trade NFT-style “hero” cards of crypto influencers. In 2024, it ranked in the top ten protocols by fees and revenue on DeFiLlama. It previously completed a $4.25 million seed round led by Dragonfly and received support from Alliance DAO.