|Coin Name||Oyster Pearl|
Oyster Pearl (PRL) founder has perpetrated an exit scam after printing millions of PRL tokens and trading them instantly on Kucoin. The news first broke out on Reddit and it seems that the transfer director function was used on the Oyster Protocol token contract. This provided the new director to re-open the ICO for PRL and re-issue new tokens (1 ETH = 5000 PRL / .04 per PRL). According to the Reddit post, Bruno Block, an anonymous founder and chief architect of Oyster Pearl, has scammed his community. The founder printed millions of new tokens and sold them on KuCoin for an estimated ~300,000 USD. The only person with the authority to print new tokens was Bruno Block. Not only this, the other people of the Oyster Pearl project seem to have been taken by shock as well.
Is Oyster Pearl a Scam?
Disclaimer: Oyster Pearl Cryptocurrency | Oyster Pearl ICO
Oyster Pearl is a cryptocurrency project that issued Oyster Pearl tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.
Is Oyster Pearl a Scam ICO?
Data on whether Oyster Pearl conducted a scam ICO, a scam mining operation, or a scam masternode project is cited above from external sources and CoinCurb does not take responsibility for claims against Oyster Pearl or in support of Oyster Pearl. The data is only an aggregation of claims cited against Oyster Pearl.
The above claims about Oyster Pearl (ICO), Oyster Pearl’s token, or Oyster Pearl’s team are externally sourced. They may claim that:
– Oyster Pearl did an ICO and then exit scammed
– Oyster Pearl has an undedicated project development after the Oyster Pearl ICO
– Oyster Pearl token got pumped and dumped by the Oyster Pearl team
– Oyster Pearl is a dead project with a worthless Oyster Pearl token
However, external claims about Oyster Pearl project, Oyster Pearl token, Oyster Pearl team, or even Oyster Pearl advisors may not be supported by accusers of Oyster Pearl ecosystem and thus individuals seeking to learn more Oyster Pearl team or about the Oyster Pearl cryptocurrency are recommended to directly contact Oyster Pearl team members or Oyster Pearl token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim Oyster Pearl is an exit scam or that Oyster Pearl is any other type of scam, nor does CoinCurb insinuate that Oyster Pearl (or Oyster Pearl token) team are scammers or that Oyster Pearl (or Oyster Pearl token) advisors are scammers. CoinCurb allows viewers to reference sources related to Oyster Pearl development, Oyster Pearl token trading, and/or Oyster Pearl team as an uncertain reference when deciding if Oyster Pearl is a scam or Oyster Pearl is not a scam.