DOGE’s self-proclaimed rival Floki Inu (FLOKI) pulls the carpet … for the second time

Tesla boss and the most famous influencer in the crypto space, Elon Musk, has tweets on June 25th his new Shiba Inu will be called Floki. After that, countless meme tokens were quickly launched, which mined this name.

As expected, coin fraud has occurred for no apparent purpose. Anyway, some caught attention and large funds like the Ethereum-powered Floki Inu (FLOKI) token skyrocketed in value but ultimately disappointed investors.

No dog, no cat

When Elon Musk’s tweets had a strong impact on the market, 1 trillion Floki Inu was released and its price skyrocketed thanks to the hype.

But shortly thereafter, Floki Inu didn’t do well either when investors realized something was wrong with the contract and eventually went on red alert after withdrawing or selling meme tokens bought on non-commercial exchanges. DEX) Uniswap.

“FRAUD DETECTED”

️ Floki INU $ FLOKI ️

Contract problem identified: You can continue to buy #uniswap but you can’t sell !! ????????????

Only the owner sells: https://t.co/w9q9xnt802

❌ SCAM ALARM:
0xa06884f35916badb1bf974a30df1accb2cc316cb#Floki $ ETH #Scam #Crypto # Fraud Alert $ SPY pic.twitter.com/3F4X6nC8IT

– SpyonCrypto (@spyoncrypto) June 25, 2021

Although the project’s scam has been exposed, the widespread fear of missing out (FOMO) is causing many people to choose to gamble, and so the cheating continues.

If it’s a scam, it’s always a scam

“In contrast, Robin Hood-style developers tax owners 20% on transfers to their own wallets, mistake these funds for ransom and the supply is growing fast.” The project announced in the name of full disclosure but not yet completed .

As if that weren’t enough, this cat-dog hybrid has been shown to have many lives as the development team continues to create a new Ethereum contract called Floki Inu V2 while encouraging investors to move their tokens. .

Then the second fraud takes place in the classic carpet pulling process. An insider drained the project’s source of liquidity and fled with 236 ETH transferred to Tornado Cash (a security tool that hides ETH’s transaction history), while only 0.25 ETH remained, according to the report. Etherscan.

Uniswap Detective Account tweets:

“The developer I am using pulled the LP FLOKI V2. I’m so sorry, I really believe I can save this project and my plan is huge. “

Since the developers on Twitter constantly blame him, the project will probably continue.

Bamidele account already tweets:

“I know there are a lot of dramas with FLOKI and lost trust is hard to regain.

For the new FLOKI:

– Ownership expires as soon as the token airdrop is distributed – no one controls.

– Liquidity is blocked for 420 years.

– Conducting audits and announcements.

– Multiple signature on marketing wallet “.

If it was a kitty, this project could have 7 more lives based on its Twitter followers. I hope no one will be betrayed again.

At home at home

According to Cryptoslate

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