CRAZY! Yesterday I got a comment saying that $DKWON or DogeKwon, a project I mentioned in my last '3 dog coins on 3 chains video' rug pulled!
For those who're not used to the word 'Rug pull' Coin Market Cap define it "A rug pull is a malicious maneuver in the cryptocurrency industry where crypto developers abandon a project and run away with investors’ funds. Rug pulls usually happen in the decentralized finance (DeFi) ecosystem, especially on decentralized exchanges (DEXs)"
I went ahead and checked the news, DogeKwon team has tweeted that, 'EVERYONE - WE FOUND AN EXPLOIT FOR THE CONTRACT (RELATED TO PROVIDING LIQUIDITY ON TERRASWAP) AND WE HAD TO SELL ALL OUR TEAM AND MARKETING HOLDING BEFORE HACKER PULLED THE LIQUIDITY. PLEASE SELL ALL YOUR DOGEKWON RIGHT NOW, WHILE SOME LIQUIDITY IS STILL LEFT.'
I was shocked a little really but that's how it goes with the 'high risk high reward' small cap. Good news though that the team actually is doing something about the situation and came up with a poll asking the community what should be done with the leftover fund. Refund, donate or relaunch v2 with airdrop to the $DKWON v2 holders.
Seems like a lot of people went for the choice, relaunch v2 with airdrop so, if you have any $DKWON before the exploit happened, kindly check your wallet address and an amount of $DKWON that will be airdropped here: https://gist.github.com/dogekwon/0f80c3f27a98f79ced48939390720490
My thoughts, DEFI is fun but never 100% safe. We're still so new and this can happen anytime anyhow so, only invest what you can afford to lose in case this shit happens again! Stay safe you all :)
#rugpull #rug $dkwon #dkwon #dogekwon #crypto #cryptocurrency #altcoin #altseason #investion #cryptotoken #dogcoin #memecoin #terra #luna #terrameme
Buy Mo a cup of coffee (Metamask wallet) : 0xFC0CeC58aEE72b8655a231Ab33548A127378faF7