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Good catch, I would avoid this kind of project where developers are eagerly dumping their token to unsuspecting investors.
Another thing is, this anonymous dev actually promised that he's not going to dump a week ago.Good catch, I would avoid this kind of project where developers are eagerly dumping their token to unsuspecting investors.
(source)
This kind of developers should be sued of malicious intent of tricking their investors and supporters. This case falls under fraud where one take advantage of the trust of people and tricking them to gain financial advantage.
Any of the investors can try to sue but I doubt it will result to any arrest. Such is the nature of unregulated markets like cryptocurrencies. Can you imagine some guy over the internet just made millions from thin air? Yeah, there's a code, "product" and all that stuff but those are definitely not worth millions. The burden is always on the part of the investors - Caveat Emptor. @TeleShoper, are you still following this? The sushiswap developer already transferred control of the project to FTX CEO SBF Alameda. Some say that guy is the biggest sushi bagholder right now and that means he's another potential dumper. I'm pretty sure he will shill the shit out of sushi and sell his tokens sooner or later.
What's going to happen to the original sushi dev? He'll probably ride into the sunset with his new money.
(Source)
^ Like I said above, he lied about the dumping.