NFTMachine
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anchored·5CLS9Z…E19VSummary
NFTMachine is the online alias of Tyler Gaye, a Denver, Colorado resident who allegedly orchestrated a presale fraud in early 2021 by raising approximately $500,000 (reportedly 277 ETH from 130+ investors) for a promised NFT marketplace called opeNFT (also stylized ONFT), which was never launched. A Denver District Court judge entered a default judgment of $275,000 against Gaye in November 2022, classifying the conduct as civil theft. On-chain investigator ZachXBT has subsequently alleged Gaye continued launching new crypto projects — including Arcade DAO and Gamegear — under the alias 'scaredofboobs' without satisfying the court-ordered judgment.
Connected Entities
5 entities · 60 linked investigations- ZachXBT→mentioned with→Ethereum(70%)
- Cointelegraph→mentioned with→ZachXBT(70%)
- Cointelegraph→mentioned with→Ethereum(60%)
- NFTMachine→mentioned with→Cointelegraph(65%)
- Solana→mentioned with→Ethereum(60%)
- NFTMachine→mentioned with→ZachXBT(70%)
- NFTMachine→mentioned with→Ethereum(65%)
- NFTMachine→mentioned with→Solana(70%)
Timeline(12 events)
February 2021
NFTMachine announces opeNFT via Medium as a community-owned NFT art aggregator and opens a Telegram group for investors.
February 2021
opeNFT presale launches: 37,500 ONFT tokens offered at $13.33/token (0.0074 ETH), targeting a $500,000 raise. Approximately 277 ETH collected from 130+ investors within days.
22 February 2021
NFTMachine allegedly spends 75 ETH (~$190,000) on personal NFT purchases — largely MoonCats — within one week of the presale closing.
April 2021
First signs of investor distress emerge; investors asking questions are allegedly banned from the project Telegram channel.
July 2021
NFTMachine claims the platform is '95% complete' and releases a mockup site after five months of delays.
October 2021
NFTMachine mutes the Telegram group, ceases public communication, and blocks critics. opeNFT platform never launches.
15 February 2022
Crypto investor 0xShual publishes a detailed Twitter thread marking one year since the opeNFT Telegram launch, documenting the alleged fraud and identifying Tyler Gaye as NFTMachine.
24 May 2022
BusinessDen reports that seven investors have filed a civil lawsuit against Tyler Gaye in Denver District Court, alleging he stole $500K and spent it on pixelated cat art (MoonCats NFTs).
September 2022
NFT Evening reports that opeNFT investors have retained lawyers after the project is widely branded a rug pull.
9 November 2022
Denver District Court Judge David Goldberg enters a default judgment against Tyler Gaye for $275,000 — comprising $55,000 restitution, $55,000 exemplary damages, and $165,000 in punitive damages for civil theft — after Gaye fails to respond to the lawsuit.
Decision Log
- hash: Hp43hFvJjGhK97bf3mw4aPhmPtYmRvf3LfjD6xUFJUkQ
This investigation is cryptographically anchored to the Solana blockchain (1 event).
model: claude-sonnet
generated: 5/4/2026, 4:05:03 PM
last updated: 8/29/2026, 1:34:11 AM
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