Binance Smart Chain’s TurtleDex rugpulls shortly after launch
The file storage project has all the markings of a rugpull, but will investors be able to get their funds back? Turns out a turtle’s arms are plenty long enough to pull a rug. Yesterday, March 19 Binance Smart Chain (BSC) file storage project TurtleDex performed a “rugpull” exit scam — a colloquial term for when a project’s developers drain the liquidity or stored funds invested by the protocol. Coming off a March 15 presale round that raised 9000 BNB tokens worth nearly $2.5 million, the team drained those funds from trading pools on BSC-native decentralized exchanges Pancake Swap and Ape....
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