PRL/Oyster Exit Scam

in ethereum •  6 years ago 

Sadly a coin PRL aka Oyster Pearls just did an exit scam few hours ago.

It looks like they had a "bug" (option) in contract to restart ICO and someone from the team did it. He bought cheap and dumped loads of coins (around 300k USD) on KuCoin.

Actually it was all in the contract but nobody noticed that ICO can be restarted any time.
DirectorLock has been set false the entire time. Nobody ever called selfLock() to prevent another ico from being started and now guy bought cheap (almost free) coins and dumped em.

Markets

PRL is disabled on most spots now but a few still let you sell ie CoinExchange or COSS.


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6 years ago by

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      ·  6 years ago 

    Bummer, I owned a few of those coins :(

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    1 vote
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      ·  6 years ago 

    Shocking. I guess this makes the case for CLO, the ETC token being about incentivizing good smart contracts auditing.

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      [-]
        ·  6 years ago 

      nobody reads those contracts and now... here we are heh.

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      3 votes
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        ·  6 years ago 

      This is so sad and shocking, it gives the government of the world more reasons to want to regulate crypto-currencies.

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          ·  6 years ago 

        Shocking I wish this ICO craze never happened.

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            ·  6 years ago 

          That why ICOs have not a good reputation lately!

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            [-]
              ·  6 years ago 

            Hi @kingscrown!

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                ·  6 years ago 

              This is really shocking..

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                  ·  6 years ago 

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