How Bybit got involved with scammers and what Wintermute has to do with it. The Bybit exchange has a new record and it is not positive at all

In 15 days, the listed token Neiro lost 87% of its listing price on ether.

The Bybit team fell for the market leader “new dog” from the owner of the dog, which became the prototype of Doge Coin.

They listed the token for $250M capitalization on perps so that all the scam-fluencers who had locked bags in it could unload on futures.

The recipe for this fin crime was a token that was pushed by Influencers as an alternative to Neiro's solanum tokens - all Influencers were paid between 0.5% and 1% of the token supply.

At the peak - for shieldposting on twitter / tg - influencers' purse was around $1.5M-$3M.

The final offloading began as the “monthly” vesting came to an end.

In the end, it was possible to shell out three times on this project: first on two Neiro on Solana, and then also on a scam air Neiro.

Hopefully, the listing team at Bybit will take note of all the infls that dragged this Neiro and in particular the market maker from Wintermute.