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The Avalanche community is blaming Assure DeFi, the protocol responsible for Atom Protocol’s KYC process. Assure responded by stating the community was Many are now crying foul over the fact that protocol was rug pulled even though it had a Know-Your-Customer (KYC) protocol in place. In a quest for accountability I really don't understand how this is legal. Atom Protocol, was rug pulled within a day of launching. The developers posted a message on Twitter before deleting all its social channels: Discord Rug pulls are among the most common scams in DeFi, where developers create a token or liquidity pool, attract investment, and then suddenly withdraw all the liquidity Although the official accounts on Twitter and discord handles are now deleted, Twitter handle @AvalanchEdwin revealed that Atom Protocol, launched on the Atom Protocol received quick attention shortly after its launch, but users were disappointed by the sudden end of what looked promising. The crypto space has seen more The Atom Protocol Rug Pull Victims took to Reddit to express their disappointment after Atom Protocol admins politely notified them of a “problem in their smart This week, after Atom Protocol, an Avalanche-based DeFi platform, was reportedly rug pulled in just a day of launching, the shortcomings of current verification

We Can't Do Anything: Atom Protocol Rug Pull Shocks Crypto Community

The crypto community is reeling after the sudden and devastating rug pull of Atom Protocol, an Avalanche-based DeFi platform. Launched just a day prior, Atom Protocol received quick attention shortly after its launch, but users were disappointed by the sudden end of what looked promising. The developers posted a message on Twitter before deleting all its social channels: Discord. The rapid collapse of Atom Protocol underscores the pervasive issue of rug pulls in the DeFi space. Rug pulls are among the most common scams in DeFi, where developers create a token or liquidity pool, attract investment, and then suddenly withdraw all the liquidity. The Atom Protocol rug pull victims took to Reddit to express their disappointment after Atom Protocol admins politely notified them of a “problem in their smart...”. This latest incident has left many questioning the security and verification processes within the industry. Many are now crying foul over the fact that protocol was rug pulled even though it had a Know-Your-Customer (KYC) protocol in place. This week, after Atom Protocol, an Avalanche-based DeFi platform, was reportedly rug pulled in just a day of launching, the shortcomings of current verification became glaringly obvious. In a quest for accountability, The Avalanche community is blaming Assure DeFi, the protocol responsible for Atom Protocol’s KYC process. Assure responded by stating the community was.... Although the official accounts on Twitter and Discord handles are now deleted, Twitter handle @AvalanchEdwin revealed that Atom Protocol, launched on the... This highlights the speed and decisiveness with which scammers operate, leaving investors with little to no recourse. Atom Protocol, was rug pulled within a day of launching. The crypto space has seen more... I really don't understand how this is legal. The Atom Protocol rug pull serves as a stark reminder of the risks associated with investing in DeFi projects and the need for more robust security measures and accountability.

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