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Avalanche-based protocol reportedly rug-pulled within hours of launch

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by COINS NEWS 192 Views

Avalanche-based protocol reportedly rug-pulled within hours of launch

I really don't understand how this is legal. Atom Protocol, was rug pulled within a day of launching. The developers posted a message on Twitter before deleting all its social channels:

https://preview.redd.it/jlc71errj6j81.png?1214&format=png&auto=webp&s=68e0da357c6442d31c69d6c6e3c3f4783e6d76b7

Discord channel was turned off too. The sale of its token ATM has also been halted. It had a Know-Your-Customer (KYC) protocol in place. Users are now questioning Assure DeFi after it conducted the KYC for Atom Protocol.

https://preview.redd.it/l3sifh5tj6j81.png?1268&format=png&auto=webp&s=21e95b976afda34e77096878b084c567bd999874

I'm really shocked about this one. There has to be a deterrent in place to prevent this from happening.

submitted by /u/ipetgoat1984
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