The controversial return of Pudgy Penguins founder ColeThereum

Cole Villemain (aka “ColeThereum”), the Pudgy Penguins co-founder who left the project after allegations of misusing its treasury, is selling NFTs again.

On Sunday, the controversial founder previewed his new collection launching on Robinhood Chain to over half a million views. 

That attention was split among those celebrating Cole’s return and an equally-sized population who remembers the disappointing crypto projects from his past.

Villemain faced allegations of treasury misuse at Pudgy Penguins, and he had plenty of earlier controversies. In August 2021, for example, blockchain sleuth ZachXBT profiled one of his pre-crypto ventures, a dropshipping site called eBoy Outlet. 

That store’s online reviews, according to ZachXBT, were “filled with instances of customers not receiving orders, refunds, or responses from support.” 

Villemain denied wrongdoing and claimed to have refunded customers who failed to receive the merchandise they ordered.

He also founded My Fucking Pickle, another NFT collection that crashed within weeks of his creation. “Have to love cash grab projects,” ZachXBT wrote.

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