One more cryptocurrency rug pull with a Pokémon theme, this time for $708k.
Join Our Telegram channel to stay up to date on breaking news coverage Pokémon-based cryptocurrency fraud has been a problem in the past. Fans have spent more than $10 million on Pokémon-themed campaigns this year. The PokeMonFi (Pokémon) venture has disappeared in a haze of smoke, reportedly per Twitter information collated by cybersecurity company CertiK, with the official Twitter handle being removed and the worth of the project&rsquo ;s two digital coins, $PMC and $PMF, plummeting to zero. Investors’ money is seized in this Pokémon-themed Ponzi scheme without the games, NFTs, or other blockchain-based content ever appearing. A rug pull is a type of cryptocurrency scam that happens if a group arbitrarily inflates the value of their token and then vanishes with the money, abandoning a worthless token. Rug pulling is a type of escape fraud and decentralised finance (DeFi) exploit. Crypto Rug Pull with a Pokémon theme A cyber-security c...