Supply fraud is going on in some coins Developers print supply and send it to the exchange
Briside front from examples Circulation and total supply was 50 million Most of the total supply was in circulation Yabi, when the developer ran out of money, he immediately printed another 50 million supply and put 40 million of it into circulation. Increased circulation supply from 50 million to 90 million
Now why should I buy this coin? How do I know if you will print another 100 million copies and put them into circulation to suppress the price?
It facilitates this fraud in the stock markets.
What a beautiful world, you ran out of tokens, you ran out of money, go in immediately, print the supply and sell it, accept some of it in the stock market and give a hush money, slap the investor.
These types of frauds have become common lately. Thank you for cryptos with vesting, but some coin owners printing supplies and putting them on the market according to their wishes is fraud no matter how you look at it.
This is the reason why the price crashed to $3. $BTC
$sphynxlabs $sphynx #warning !!!!! #scam #ScamRiskWarning We have proven that they have been stealing investors' money by advertising with false news for 3 years. They have changed the contract address many times. They are constantly increasing the token supply of the project. The telegram group is managed by the fomo gang. No aspect of their project works right, for example you can lose your money in your wallet and they don't even listen to you at all...you just get kicked out of the group. ..when it was first released, it was hacked and all the investors' money was stolen and no one was paid a single penny.. After the hacking, the contract address was changed and the robbery continued. I am sharing 2 fake news with photos that they advertised in May 2023. Don't be the new victim
SCAM!!!!??#sphynxlabs When it was first released in 2021, it was hacked by its owner, Lonzo, and all the investors' money was stolen. He changed the contract address many times. In February 2023, CEO Lonzo and the team advertised that "they will be listed on 2 major stock exchanges in 2 weeks", but despite the passing of 1.5 years, no stock exchange listing has been made. Millions of dollars have been stolen from investors using this method. The perception is created that its total supply is 1.5 billion, but in fact, it releases 1.5 supplies separately for each blockchain network it bridges. He produces and sells hundreds of NFTs for each bridge. A system built on robbing investors. The screenshot is from 2023. You decide. We don't lie. A CEO gives fake news and the price pumps and dumps. What a coincidence..don't you think this is a scam?
#sphynxlabs !!!! WARNING !!!! Absolutely nothing is working properly in this project. It is a project designed to get you into the system and then keep you from leaving the system. I have presented dozens of evidence that they are fraudsters, but CEO Lonzo and his team can still find people to defraud for 3 years. For example, the wallet does not work properly, you can lose your money at any time. If you invest your money in hyperpools, you will probably never get your money back. This is where they are at the end of three years. There is no need to present any other evidence, since in February 2023, CEO Lonzo and the team gave the news that they would be listed on two major stock exchanges within two weeks, and this news turned out to be fake.
SCAM!!!!?? #sphynxlabs When it was first released in 2021, it was hacked by its owner, Lonzo, and all the investors' money was stolen. He changed the contract address many times. In February 2023, CEO Lonzo and the team advertised that "they will be listed on 2 major stock exchanges in 2 weeks", but despite the passing of 1.5 years, no stock exchange listing has been made. Millions of dollars have been stolen from investors using this method. The perception is created that its total supply is 1.5 billion, but in fact, it releases 1.5 supplies separately for each blockchain network it bridges. He produces and sells hundreds of NFTs for each bridge. A system built on robbing investors.
#sphynxlabs $sphynxlabs SCAM!!!!?? When it was first released in 2021, it was hacked by its owner, Lonzo, and all the investors' money was stolen. He changed the contract address many times. In February 2023, CEO Lonzo and the team advertised that "they will be listed on 2 major stock exchanges in 2 weeks", but despite the passing of 1.5 years, no stock exchange listing has been made. Millions of dollars have been stolen from investors using this method. The perception is created that its total supply is 1.5 billion, but in fact, it releases 1.5 supplies separately for each blockchain network it bridges. He produces and sells hundreds of NFTs for each bridge. A system built on robbing investors.