Investors are using social media platforms to reach out. Another Hype Cryptocurrency Flees Along With Million Dollars. In just one day, TZKI has lost almost 96% of its value.
Regular hacks & frauds are one of the significant factors dragging the crypto sector down. One of the reasons that the industry’s validity is eroded is hacking and scams. Following the recent SQUID fraud, this time it’s Tsuzuki Inu, a cryptocurrency that has stolen money from investors. Despite strict monitoring & security measures, it has succeeded in defrauding millions of dollars investors, highlighting the issues with the dog and meme-themed currencies.
This token promotes itself as meme money and a gaming money that works on the “play-to-earn” principle. TZKI developers allegedly unlawfully rug-pulled all liquid out of its shareholders earlier today, according to Twitter users. According to Etherscan previous transactions, the ERC-20 tokens were for 265 wrapped Ethereum and then for USDC worth around $1,157,125.
Since the start of the fraud, investors have been attempting to contact the Tsuzuki Inu creators via social media channels. Investors sought out the TZKI Platform after its Twitter account was disabled, but it was equally unresponsive.
About Tweet Cryptocurrency Flees Along With Million Dollars
Some investors turn to Twitter to research or complain about lack of information, while some look for scapegoats. Hateful comments have been sent to @ShadowedEmbrac3, a crypto enthusiast who served as the protocol’s face. He has said publically that he had been not a part of the administrator and instead it was a victim of the ruse.
Furthermore, some investors question the authenticity of regulated exchanges such as BitMart offering such a coin. Moreover, even though BitMart has seemed to have stopped the token’s deposits and withdrawals, those requesting a refund of their investments. TZKI was trading at $0.000000000002 at the time of writing, down roughly 96% in a single day.