not long ago polygon a project on the chain Polyrolldefrauded its 90,000 investors and disappeared.
In the fraudulent method called “Rug Pull”, the project’s developer team leaves the project and vanishes with all the assets of the investors.
The Advertisement Of The Fraud Project Shared From Chainlink’s Official Account
The alleged fraudulent Polyroll project had previously of Chainlink Promoting it on his official Twitter account makes things even more interesting. Chainlink shared this on Twitter. from cryptocurrency He mentioned that the project is the number one casino coin on Polygon.
Decentralized gaming platform @PolyrollOrg is using #Chainlink VRF on @0xPolygon to secure win-win games and lucky draws via verifiable randomness, helping ensure outcomes are provably fair and verifiably tamper-proof using on-chain cryptographic proofs.https://t.co/9LNXjVEvsB
— Chainlink (@chainlink) September 8, 2021
In addition, the Twitter account PolygonDaily, which has 56,000 followers, is among the advertisers of the project.
However, the project team claimed in a statement on Twitter that they ended the project on the grounds that the project did not attract attention and that they could not make any profit, and that they would not sell any coins.
Polyroll was founded in June 2021 as a fair launch project. No ICO, no fundraise, and seeded by personal funds.
We will cease operations for reasons outlined in the Telegram post below.⬇️ pic.twitter.com/m1UDBzkBUs
— Polyroll (@PolyrollOrg) February 20, 2022
Regarding the events, there were some within the crypto community on Twitter who said that they thought that countries could easily ban cryptocurrencies because even such projects that have been trusted for years are advertising scammers.
It should be noted that the alleged fraudulent project has been approved by platforms such as RugDoc and DOXXED, and the website also looks extremely high quality and reliable.
It is noteworthy that the number of such Rug Pull scams has increased recently. The same method was used in Squid Game, a larger fraud attempt, and many cryptocurrency users were victimized. It is useful to be extra careful, especially when investing in newly released cryptocurrencies with low market value.