Cryptocurrency Market Shaken By A New Scam

The cryptocurrency market has been shaken by a new scam. As of yesterday, He Coin made the move called rugpull and defrauded thousands of people.

While a short time ago, the cryptocurrency market was shaken by the $3 million hit of the cryptocurrency called Squid, it has now been hit with another hit.

What is He Coin?

Last October, a startup called He Coin, which promised to develop new technologies on the blockchain, started pre-sales. The initiative, which was introduced as a foreign source, spread to large masses by advertising on Twitter to many phenomena and technology sites. Although there was no clear information during October, pre-sales were made for $ 0.1 only through its own application. He Coin, which promised to unlock the assets bought from the pre-sale as of November 22, however, sold all the assets in its possession before it was opened, causing thousands of investors to lose. Social media was flooded with posts seeking justice for He Coin victims. Victims said they suffered about 200 times damage. In other words, He Coin, which was pre-sold for $ 0.1, fell to prices like $ 0.0005. Those who invest by relying on phenomena have nothing left. Research shows that He Coin company was opened by Turks on Seychelles. The company's website and social media accounts have been closed. Criminal complaints are made to the prosecution offices both about the company and about the phenomena.