1. YAM token
https://yam.finance/
https://www.gate.io/trade/yam_usdt
What happened?
The team launched the project without auditing a smart contract
Added PR, hyped social networks and launched token sale
The price has risen to $ 175 per token.
Due to a critical error in the smart contract code, the token price drops to 70 cents.
https://medium.com/@yamfinance/yam-post-rescue-attempt-update-c9c90c05953f
Liquidity is lost on the 1inch and Uniswap exchanges.
Gate.io and Bibox continue to trade a scam
YAM 2.0 is coming, we are waiting for the continuation of the party
2.MEME token
https://bitcointalk.org/index.php?topic=5268573.msg55019734#msg55019734
3. yearn.finance (YFI)
https://bitcointalk.org/index.php?topic=5268573.msg55021873#msg55021873
https://bitcointalk.org/index.php?topic=5268573.msg55024801#msg55024801
https://yam.finance/
https://www.gate.io/trade/yam_usdt
What happened?
The team launched the project without auditing a smart contract
Added PR, hyped social networks and launched token sale
The price has risen to $ 175 per token.
Due to a critical error in the smart contract code, the token price drops to 70 cents.
https://medium.com/@yamfinance/yam-post-rescue-attempt-update-c9c90c05953f
Liquidity is lost on the 1inch and Uniswap exchanges.
Gate.io and Bibox continue to trade a scam
YAM 2.0 is coming, we are waiting for the continuation of the party
2.MEME token
https://bitcointalk.org/index.php?topic=5268573.msg55019734#msg55019734
3. yearn.finance (YFI)
https://bitcointalk.org/index.php?topic=5268573.msg55021873#msg55021873
https://bitcointalk.org/index.php?topic=5268573.msg55024801#msg55024801
Exchanges in this case still provide the necessary liquidity. It can drop to 0.0001 as long as there are buyers and sellers an exchange can make money. What are they supposed to do when you buy something thinking its legit? You're the one who has to make decisions based on the information available. Maybe they fix the contract or fork (idk if thats possible) and people will want to buy.
Sucks what happened, but you cant blame an exchange doing its business which is to match buyers and sellers.