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Avalanche-based protocol reportedly rug-pulled within hours of launch
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ambcrypto.comScams, rug pulls, hacks and exploits are all regular occurrences in the cryptocurrency industry, owing mostly to its anonymous, decentralized nature. Even though many verifications and registration requirements have been put in place, billions of dollars continue to be lost each year.
The shortcomings of present verification systems were brought to the fore this week after Atom Protocol, an Avalanche-based DeFi platform, was reportedly rug pulled within a day of launching. The developers of this protocol posted a rather “polite” message on Twitter before deleting all its social channels on 20 February.
<p lang=«en» dir=«ltr» xml:lang=«en»>Just got rugged in the most polite way possible Read more on ambcrypto.comAbout this in other media
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