Blockchain gaming project Nakamoto.Games is facing accusations from multiple token investors who allege market manipulation, opaque token management practices, and censorship across the project’s social channels. The allegations—published on social media over the past week—have prompted scrutiny from affected individuals as well as a forceful denial from Nakamoto Games.
The situation has quickly escalated into one of the most contentious public disputes the project has faced since its launch in 2021.
Investors Allege Unannounced Token Movements and Market Distortions
The controversy began when a prominent investor, James R. (@James_M_BTC), who claims he invested around $2,000,000, publicly recounted what he described as months of “irregularities” surrounding the project’s $NAKA token. According to his account, Nakamoto Games released between 5–7% of the total token supply to the exchange KuCoin in late 2025 without prior notice, later acknowledging the transfer only after questions surfaced in the project’s Telegram group. The team reportedly attributed the move to an over-the-counter (OTC) transaction intended to fund platform development.
My Story and Nightmare with @NakamotoGames ($NAKA)
— James R. (@James_M_BTC) November 4, 2025
In September 2025, I decided to invest around $6,000,000 in cryptocurrencies — mainly $VET, $POL, and a smaller portion in $NAKA (about 10% of my portfolio).
By November 2025, my portfolio had grown to around $12–13 million.…
A second, larger supply release—approximately 10% of the total supply—allegedly occurred one month later, again to KuCoin. The investor claims the cited OTC partner, a firm called “Make It,” did not confirm any investment or partnership when contacted directly.
Following these events, the investor says the token price declined sharply, and asserts that attempts to stabilize the market with large buy orders were repeatedly countered by the project’s market maker—an action he interprets as deliberate price pressure.
According to James R, token activity on centralized exchanges suggested wash trading and systematic selling on every price rise. He also claimed that a “constantly replenished” token supply appeared to be available on MEXC, citing regular on-chain movements between MEXC, KuCoin, and decentralized exchanges.
None of these on-chain claims seem to have been independently verified yet.
Claims of Censorship and Lack of Transparency
A recurring theme in the allegations is that users who raised questions about tokenomics, exchange wallets, or on-chain activity were removed from official communication channels.
Several community members—including @JMcrypto100, @Zc, and Buddy (@invest1337)—reported being banned from the project’s Telegram group after querying fund movements or asking about operational inconsistencies. Some cite similar treatment after reaching out directly to senior team members.
Other critics, such as ChainShinobi (@chainshinobi), argued that “transparent projects don’t silence their own community,” while urging the team to provide point-by-point answers to concerns around user metrics, partnership claims, and missing on-chain proof for their stated buy-and-burn mechanism.
Some participants have also questioned the accuracy of public statements about team size and location. James R. says he visited the project’s Bangkok office, claiming it appeared sparsely staffed compared to official statements. He further reported involving contacts in the Thai police to conduct an inspection, though this has not been independently verified.
Legal complaints have reportedly been filed in Thailand, South Korea, France, and Romania by individuals asserting financial harm, including those who say their friends or associates suffered comparable losses.
Broader Allegations Against the Project’s Structure
Critics including James R. have characterized Nakamoto Games as being operated through offshore entities with limited public disclosure, which they argue obscures accountability for token movements and fundraising rounds.
Some also point to prior projects associated with the team—such as those related to UPO, LAND, and ecosystem expansions—claiming these tokens experienced steep declines and alleging that multiple fundraising rounds were unnecessary.
Additional allegations from critics involve the use of paid shillers, fake engagement accounts, and heavy moderation in community channels, with one Telegram moderator (“Benji”) frequently cited as allegedly deleting uncomfortable questions.
At the time of writing, these claims have not been evaluated by regulators, and no public enforcement actions are known.
Nakamoto Games Issues Firm Denial, Calls Allegations “Coordinated Smear Campaign”
In a lengthy official statement, Nakamoto Games categorically rejected all accusations, describing them as “false, baseless, and defamatory.”
The team asserted that the allegations constitute a “coordinated smear campaign designed to mislead the public,” and stated that the matter is now under active legal review. Because of this, the team says it cannot provide detailed rebuttals but maintains that all operations have been “fully transparent, consistent, and compliant.”
📢 Official Statement from the Nakamoto Games Team 📢
— Nakamoto.Games (@NakamotoGames) November 11, 2025
Dear #NAKAFAM,
We want to take a moment to address the recent discussions and false claims circulating across social media.
First and foremost – all allegations made against Nakamoto Games or any of its operations are…
Key points from the statement include:
- All partnerships and exchange relationships remain intact
- Platform development and gameplay operations are “100% unaffected”
- The project retains documentation to support its actions and will disclose more information once “legally permitted”
- Legal action is being pursued against individuals allegedly spreading misinformation or attempting to intimidate community members
The team reiterated its ongoing development roadmap and stated that it intends to issue a comprehensive update at the end of the month.
An Escalating Dispute With No Immediate Resolution
The situation surrounding Nakamoto Games remains fluid and highly polarized. Several allegations involve technical or legal claims that would require independent auditing—or regulatory inquiry—to substantiate or refute. For now, both sides remain entrenched:
- Critics, including investors such as James R., Buddy (@invest1337), ChainShinobi, and other affected holders, insist the project must publicly address each red flag with verifiable documentation.
- Nakamoto Games maintains that all claims are fabricated and that its adherence to compliance and transparency will be proven through legal channels.
With investors in multiple countries allegedly preparing to pursue legal action, and the company promising counter-litigation, the dispute appears far from conclusion.
Whether the matter ultimately resolves through community dialogue, regulatory review, or judicial processes, the coming weeks are likely to be pivotal for the future perception of the $NAKA ecosystem.