zkSync-based
project
Gemholic
has
been
suspected
of
orchestrating
a
rug
pull
following
a
series
of
malicious
moves
on
Saturday.
The
company
behind
the
defunct
decentralized
exchange
GemSwap
has
transferred
out
formerly
inaccessible
investor
funds
raising
suspicions
from
the
general
crypto
community.

Web3
Dev
Criticizes
KYC
Provider
Over
Silence

In
more
news,
a
Web3
developer
with
X
handle
@Nserec
has

called
out
blockchain
security
company
SolidProof
for
their
inability
to
address
the
alleged
rug
pull
by
the
Gemholic
after
conducting
the
Know
Your
Customer
verification
process
for
the
now
defunct
zkSync-based
project. 

 

NSerec
postulates
this
prolonged
silence
may
be
an
attempt
to
prevent
fear,
uncertainty,
and
doubt
(FUD)
among
customers.
However,
the
developer
demands
that
SolidProof
release
a
statement
admitting
their
ineptitude
or
report
the
case
to
appropriate
legal
authorities
with
an
accompanying
announcement.

Meanwhile,
NSerec
has
also
admonished
affected
customers
of
Gemholic’s
alleged
rug
pull
to
reach
out
to
Binance,
as
the
project’s
creator
contact
was
initially
funded
by
the
prominent
exchange.

Featured
image
from
CoinsCapture,
chart
from
Tradingview

Go to Source
Author: Semilore Faleti

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