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It appears crime is legal and very easy to commit in Web3
$Trove edition...
Trove raised $11.5M in a public ICO targeting $2.5M at a $20M FDV.
right before launch, the project:
- changed core terms at the last minute
- triggered chaos around whether the ICO had actually ended
- coincidentally nuked a Polymarket market in the process
Shortly after,
- team abandoned its original Hyperliquid roadmap
- $10M in $HYPE tied to that plan was rapidly sold
- A sudden pivot to Solana was announced
then came the launch
the token opened at the promised valuation and collapsed ~95% within hours.
meanwhile,
- undisclosed paid promotions surfaced
- discounted allocations emerged
- ICO funds were allegedly routed to places they shouldn’t have been
the team kept $9.4M “to continue building” that no one witness
...

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