Oyster Pearl dev team just dumped 700k PRL and then informed everyone about a delay in the airdrop. They are also attempting to deny they did it however the blockchain doesn't lie. Beware guys.
Is there official information about what is confirmed by the fact of their fraud? Describe the situation in more detail. Thank you.
There was nothing than plain accusations. The team released a medium post in early feb that they would move the dev funds every quarter and slowly release that into the total circulation and april first was the start of the new quarter and they moved the funds.
The hell broke loose
The hell did not break loose because of the 700k (out of a 6.7 million they put in circulation) that moved to Kucoin. The hell broke loose because they had been telling us everything was fine with Kucoin when it obviously was not. Furthermore they were selling Pearls on the open market while telling the individuals in telegram Kucoin was 99% a done deal when it was not. This is illegal in a normal investing arena.
Also check about issues with the kucoin some other coins faced
https://medium.com/verifyas/our-kucoin-listing-nightmare-and-why-its-the-last-place-you-should-list-3af019e4e7f6Kucoin sucking is all well and good but it does not negate the dev/admin telling people that the airdrop was all good, while selling, when it was not.
The team did mention that they thought it's in place because of their earlier discussions with the kucoin support.
Anyhow it's up to you mate.
My request to most of you guys. Just dont draw conclusions based on few random posts, if you have issues or concerns discuss with the team and/OR do some research. Dont invest if you are not satisfied it's as simple as that.