I saw an incident happened on a project that tweeted about having a mistake on thier contract. A binance smart chain based project and also a defi project system.
name= Atomic protocol
A known project but rugged pull every of thier investors.
They might not do that willingly they might truly made a mistake in the smart contract of the project and that has no solution.
Atom is a fork of universe. A Defi for everyone with a passive income of 2%. also an Nft
- This project made a partnership with assuredefi(known for thier kyced system) but despite the fact that they kyced using a trustworthy Community they still rugged pull. What??!!!
My advice for everyone
Nobody would be responsible for your loss in crypto. I repeat this no one.You are responsible for your profit and your loss.
Many people are looking for project with fast profit where they won't work but free money and people like this mostly fall victims of scam and rugpull so much
Learn to do your research and make more research especially if the project is a low cap(I don't mean low market project are not ok) and make your research too on project with high market capacity.
Me being early in crypto space have experience many rugpull and lost a lot of money looking for shitcoins for fast pump and dump. Without making any research just gambling.
If you are also a victim of gambling in crypto be careful because there are many scam out there.
Thanks to @onealfa.vyb and @insight.pob for permitting me from #vyb_pobstreet to write a post(task) about crypto news under pobstreet and to promote engagement in this platform.
Feeling sorry to those who invested a lot in it
When I went through the comment session,there are some people who lost $50,000 and some $3000.
A life changing money for some
$50,000?
Wow. The use of assuredefi a very popular organization would have make people trust them and they still managed to rugpull
Beware
Now I lose interest in @assureddefi and thier kyc process
I hope easy recovery to them all
This is why dyor
Well I hope the recover in this cryptospace well thank god they know about this place because it is easy to recover here
You loose more trying to recover I'd you are not careful because it will touch your emotions.
This is why Emotions are dangerous when trading.
You will definitely make the wrong decisions
This made me gave up in forex trading because my motion affected me load any time I lose I will lose it finally because I will lose control in trading
I have made a lot of experience from this your statement.
Greed and fear add interest in crypto especially in trading.
Yea it's still fair to recover in crypto space if they still have enough left with them to buy and trade but if they have little it will be difficult for them to recover that.
Yes cryptospace is the best place to recover but it is not easy to recover in crypto space too.
Some are looking and with the information they have in their heart they can recover the listen to this buy legit airdrop,playtoearn. Many means
Are you part of the victims who fall for this project?
Not at all I haven't even heard about this project before.
It was a mistake for my phone.
But I have been a victim of many other projects that rugpulled
But having a better understanding about a project is important than just venturing into it without having More knowledge about it
This is why I do hammer for my friends to dyor and seek for knowledge.
Greed has led many into wrong project because of fast pump and dump
This is a great bad luck for this project investors.
This is why I don't invest all into one project
Rugpull is the major scam in crypto world.
Creating a project and does fake marketing them dump it or making swap back unavailable
I have fallen victims of rugpulled project claiming to do presale a lot
Bsc blockchain is a place where the most activities of rugpull take place because it's easy to build a project there
They are common on Solana and bsc blockchain.
This is why I love Avalanche, ethereum blockchain.
Rugpull hardly happen in avalanche blockchain
I ma highly interested in avalanche blockchain. With thier subnet features that even ethereum do not have and thier connection with thier projects
#topic
I don't like the new rules of vyb not receiving Curation rewards if you tag other tribe
It is vital that we all examine all project well enough before venturing into it
Seriously.
I don't know how to spot a potential rugpull project but I have been reading and studying about this and I would share it when I am done on hive
Rugpull do not deal with holders but the problem are with developers
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Rug pull scams are the current trend with Defi projects, billions being lost to the scam and the poor investors in the project are left hapless. Nowhere to turn for help, you can do everything right when investing in a project and still get burnt. This is where retrieverfunds.com comes in, these are seasoned professionals who help you get back at the founders of scam Defi projects in order to get the money back to those who invested in the project, emquiries@retrieverfunds.com to filing official complain and we take it from there
Wow thanks for the information
I will check it out