hey there, anyone active? Book of Rugs exists to investigate and call out the ruggers, and provide safety education for the degen while keeping it fun and meme-worthy hope we can help each other π
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Our second and biggest Rug Report yet, tells the story of the rise and fall of deOTC Platform. The presale funding round began in July and the platform was launched on Ethereum, Base, BSC, Shibarium and Avalanche as a cross-chain decentralised OTC (Over-The-Counter) trading venue. It allowed traders to list their tokens for sale outside of the open market, to prevent affecting the chart and on the surface, things looked promising. However under the surface instead is a story of the collapse of two $DOTC tokens, and after the chart dumped, the trading platform was pulled from servers while partner projects barely managed to escape with their tokens. The aftermath is a team betrayed by the developers Ian Cawrey and shadowy coder "Sir Topleft", who didn't follow through on their promises and seem to have been slowly draining funds throughout the brief life of deOTC. https://youtu.be/7z8FI0QVX9k
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Our inaugural Rug Report is up on YouTube! We discuss the @vividotwin $VIVI debacle. Rug, exit scam, or lazy dev? You decide! https://youtu.be/4nu5JWy4eyM
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