Post
Topic
Board Altcoin Discussion
Re: Woolong Corp Native Token has been HACKED.
by
Mpamaegbu
on 18/07/2023, 11:04:55 UTC
Sure, I'd be happy to provide more details. We hired a tech professional named Sam from Lagos, Nigeria to integrate Woolong Token into the Woolong Corporation Ecosystem. Unfortunately, due to his lack of experience, he was unable to complete the task successfully. We compensated him for the work he did before he was dismissed.
Those two I bolded didn't add up. It's contradictory to tag someone a professional but in the same breath say they lack experience. Except there's something else you meant there, which will be good for you to explain to us.

Quote
The first indication of a problem arose when we discovered that Sam had sold the 10,000 Woolong tokens that were given to him for testing purposes. This raised concerns about his actions and intentions.
This is the same thing bounty hunters suffer here. When such happens the dev teams will turn around to blame hunters for causing token price to dump and then deny them their remaining reward. Again, this makes it obvious what most projects plan ahead to do and that's why they wouldn't pay with stable coin or Bitcoin. Why pay with your native token when you know anyone it's paid to could dump it? If your team had paid the so-called tech dude with Bitcoin or any other stable coin, whatever selling action he took wouldn't have affected your project.

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Regarding your question about a rug pull, I want to clarify that there was no intentional hype, investment attraction, shutdown, or disappearance associated with this incident. It was an unfortunate case of a compromised account and the subsequent loss of assets. We are actively taking steps to enhance our security measures and prevent such incidents in the future.
This will be on you to convince your investors with action, not mere rhetorics. Most devs embark on projects simply to rug pull, nothing else.