Revolving Video games co-CEO Ammar Zaeem has been branded a “fraudster” by an angel investor who claims he has reneged on his promise to refund a $100,000 funding and NFT losses.
Luckytradess claims they have been postpone the mission by its roadmap and delays in its RCADE token era occasion (scheduled for tomorrow). Consequently, they requested for his or her funding again and bought their Nexian Nodes (previously Nexian Gems) and RG Bytes NFTs.
One of many refund guarantees from Zaeem, as shared by Luckytradess.
Zaeem agreed to refund the sum and canopy the 1.86 ETH loss Luckytradess suffered once they bought these NFTs.
Nevertheless, Luckytradess claims that, regardless of pursuing Zaeem for greater than six months and giving a agency deadline, the founder repeatedly broke guarantees to ship the cash and even deleted chats.
Additionally they found that their funds hadn’t gone to Zaeem as implied, however to a different third social gathering.
He in all probability realized that hes in serious trouble now so requested for wallets to return the funds after which simply 2 days later began cursing and threatening that he’ll make me wait 3 years pic.twitter.com/pHbevef2xK
— Luckytrades (@Luckytradess) July 7, 2025
Screenshots present Zaeem promising the $100,000 refund earlier than reneging on this promise
Message screenshots seem to indicate Zaeem revealing he sought authorized recommendation earlier than telling Luckytradess to “go fuck yourself,” and threatening to “bury” them.
Revolving Video games CEO denies “fraudster” allegations
Zaeem denounced the thread as “disingenuous,” claiming it was a one-sided story that’s “omitting key context.”
He claims he informed Luckytradess, “We are not in the business of issuing refunds, which is standard not only in Web3 but investing.”
He then argued that he “personally” helped them with varied key-opinion-leader initiatives and tried to get them a seat on a crypto-powered networking occasion hosted onboard a Qatar Airways flight by startup Redacted.
Zaeem additionally stated their tokens “are still available” and that he arrange a bunch together with his brother “to ensure the ETH offer could be processed.”
“I was trying to help, not making a promise,” he added. Luckytradess, nevertheless, stated he can debunk every of his claims and that, for now, he’ll see how the mediation goes with Zaeem’s workforce.
Protos has reached out to each events for additional rationalization and can replace this piece ought to we hear again.
