The 10,000-piece zkSNARKs profile-picture NFT collection on Zcash faces allegations from on-chain investigator ZachXBT, who described it as a money-making scheme involving an eight-figure sum and said it delivered virtually no utility or ecosystem development. The project sold 8,000 NFTs at 1.5 ZEC each, while 16,971 bids generated about 25,305 ZEC in volume. After roughly 13,309 ZEC in refunds, the project retained approximately $17.5 million based on reported exchange-rate estimates. The team reserved 1,000 NFTs and receives a 5% secondary-sales royalty. The collection promoted privacy-enhancing digital identities with potential governance and community-access uses, but ZachXBT said those applications had not materialized. Additional allegations linking team members to earlier Ordinals-related scams remain unverified.