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Solana presale scam: Investors lose $26.7 million in less than two months

Trill
2024-05-10 13:45:31
In a cautionary tale for crypto investors, the fallout from a recent Solana presale has left the investors reeling after losing a staggering $26.7 million.Despite the allure, investors soon found themselves trapped in a liquidity trap, as 12 projects failed to deliver on their promises, leaving the investors empty-handed.The presale frenzy was fueled by an influx of funds from eager investors, drawn in by the prospect of acquiring tokens at seemingly reasonable prices.The lack of accountability from the X influencers behind the presale further exacerbates the situation, with no prominent response or recourse offered to the affected investors.In response to the debacle, a recent tweet has urged caution, advising investors to steer clear of any future projects associated with the founders behind the failed presale.

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