Quote from: MoonIsBlue on Today at 12:43:09 PM

Quote from: zasad@ on August 13, 2020, 11:59:14 AM

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

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.

There is such a thing as reputation. If you are trading a scam, your reputation suffers.
If the exchange in the midst of trading closes the input and output of deposits, then this already speaks of price manipulation.
I saw that on gate.io the input and output of tokens was blocked and the rates were significantly inflated relative to the market price. This is not the correct behavior for the exchange. If the exchange is trading a scam, then it should not prevent users from withdrawing funds to other accounts.