The TICS scam
While normal investors received their $TICS on July 30th, the exchanges allowed trading a month earlier. According to onchain analysis over that period, the total trading volume was $12M USD.
This allowed the team to cash out, in addition to the nearly $20M they received from investors, while promoting their scam coin to launch 20% above the previous sale phase, which would have been around $0.50.
Guess what happened? On July 30th, the token became worthless, dropping to $0.05.
It’s likely that the token won’t recover anytime soon, leaving some late investors with massive losses.
