Cryptocurrency project Encryption AI (0XENCRYPT), which works on artificial intelligence and encryption, was exposed to a $2 million rug-pull by its founder.
The cryptocurrency market has hosted another rug pull case. artificial intelligence project Encryption AI developer $2 million rug-pull performed.
What was different from other scams was that the founder published a letter of apology, citing his gambling addiction. After the incident on 1 July 0XENCRYPT price more than 98% by losing value reset.
of the project $2 million value within minutes of the founder’s rug-pull move. 20 thousand dollars fell. The founder deleted all social media accounts of the project after his farewell letter.
In his statement, the founder 300 thousand dollars He simply stated that he was losing money, and was reluctant to make any promises to investors that the project would return.
According to CoinGecko data, with rug-pull in a short time 98.92% depreciating 0XENCRYPT, $2.05 from the level $0.022 fell down.