TurtleDex CEO Philipe Reynes and his team reportedly rugged their investors after raising 9000 Binance tokens worth over $2.5M hours after the presale.
On the 10th of March, Turtledex CEO said in an interview that "Turtledex is starting its fundraising event my next week" unknown to investors that they were raising funds for themselves.
Liquidity pools on Apeswap and PancakeSwap were disabled, reports say that this fund was wrapped to Eth split into nine separate wallets on Binance smart chain. Turteldex claimed to be decentralized cloud storage on Binance smart chain seems to be very strategic and forgetting that Binance runs a semi-closed ecosystem, which means that Binance commands the various entry and exit points to a smart contract.
Investors believe Binance surveillance Central control would step in, all hope on BINANCE AND CZ himself.
C.Z's tweet was "WE ACTUALLY HELP WITH A FEW RUG PULLS RECENTLY TOO"
-$31M was rugged by another project running in BSC MEERKAT FINANCES.
Funds were later refunded back to investors and many believed it was Binance Team at work.
We hope investors get back there ca$h and let Binance work for her people.