Perlone Capital Partner Challenges ZKX as Crypto Scam: Shutdown 6 Weeks After TGE, Change in Unlocking Program, and Excessive Volume in Circulation
Jin Kang, a partner at Perlone Capital, posted a tweet this morning questioning Starknet's eco DEX project ZKX, calling it a possible scam.
Kang pointed out three main problems: the team shut down the project 6 weeks after TGE due to “insufficient funds,” the token unlocking program was changed abruptly during TGE, and the actual tokens in circulation at TGE exceeded the official documentation, causing the price to plummet.
If that's not a scam, he said, what is?
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