Tsuzuki Inu Rug Pull: Investors Lose Millions as Liquidity Vanishes - Death Threats Emerge
The crypto world has witnessed another devastating rug pull, this time involving Tsuzuki Inu (TZKI), a gaming meme coin. Recently, meme tokens such as Squid Game (SQUID) and Tsuzuki Inu, a gaming meme coin in the crypto world, have been flagged as rug pull. But, alarmingly, it seems the lessons from the Squid Game debacle haven't been learned. Investors have reportedly lost significant sums after developers allegedly abandoned the project.
Tsuzuki Inu Developers Accused of Illegal Rug Pull
According to Twitter users, TZKI developers illegally rug-pulled all liquidity from its investors earlier today. Transaction history on Etherscan shows that the developers drained liquidity, leaving investors with worthless tokens. The event mirrors the infamous Squid Game token scam, highlighting the risks associated with investing in unaudited and speculative crypto projects. In terms of Tsuzuki Inu But as if investors learnt no lessons from the Squid Game token scam, they were conned over $1,157,125 last week after developers of Tsuzuki Inu allegedly rug pulled all liquidity.
How the Tsuzuki Inu Rug Pull Unfolded
Earlier today, Twitter users noticed that Tsuzuki Inu developers have allegedly rug pulled all liquidity from its investors. The scam appears to have been executed swiftly and decisively. The ERC-20 tokens were changed into 265 wrapped Ethereum before being moved to an unknown address. This action effectively drained the project of its value, leaving investors holding the bag.
Rising Concerns of Violence and Death Threats in Crypto Space
The Tsuzuki Inu incident also highlights a darker trend emerging in the crypto sphere: violence and threats directed at project influencers and developers. You put yourself out there as someone with lots of crypto or ties to a project, you might find yourself blindfolded in the back of a damn van. It’s happening more every day. Reports suggest that one influencer connected to the Tsuzuki Inu project is allegedly under death threats, adding a disturbing layer to this already unfortunate situation.
Learning from the Tsuzuki Inu Scam
The Tsuzuki Inu coin rug pull happened just on the heels of the Squid Game token scam. Both cost investors millions of dollars. This latest incident serves as a stark reminder of the need for extreme caution when investing in meme coins and other high-risk crypto assets. Thorough research, due diligence, and a clear understanding of the risks involved are crucial to protecting yourself from potential scams. Developers of the Tsuzuki Inu cryptocurrency protocol have reportedly rug pulled, or maliciously abandoned the project and ran off with the investor funds. According to reports, the developers are now unreachable and have disappeared with investors' funds.