Scam Project SeaSwap Party Withdrew 30,000 SUI From The...
27 May 2023
Crypto News Source
Scam Project SeaSwap Party Withdrew 30,000 SUI From The Contract
SeaSwap, described as a decentralized exchange (DEX) built on the Sui blockchain, allowing users to trade various cryptocurrencies in a fast and secure manner, has become the latest name to cause users to lose confidence in DeFi projects as it became a vanity project after only a short time of launch. According to CertiK Alert monitoring, the SeaSwap project is an exit scam. It has canceled its Twitter account and suspended its social channels. The project administrator urgently withdrew SUI from the token sale contract, totaling 32,787 SUI ($32,000).
Coincu has also investigated the information about SeaSwap, but currently, there is very little contact about this DEX, and the project’s social pages are currently inaccessible. SeaSwap promises to be a DEX based on the Sui blockchain, allowing users to exchange numerous cryptocurrencies quickly and securely. SeaSwap, as an automated market maker, employs a central limit order book to offer liquidity and enable users to buy and sell tokens at market rates in real-time. According to the project whitepaper, it provides additional chances for generating income via liquidity providing and staking, in addition to trading. But in reality, this is just a scam project.
SeaSwap, described as a decentralized exchange (DEX) built on the Sui blockchain, allowing users to trade various cryptocurrencies in a fast and secure manner, has become the latest name to cause users to lose confidence in DeFi projects as it became a vanity project after only a short time of launch. According to CertiK Alert monitoring, the SeaSwap project is an exit scam. It has canceled its Twitter account and suspended its social channels. The project administrator urgently withdrew SUI from the token sale contract, totaling 32,787 SUI ($32,000).
Coincu has also investigated the information about SeaSwap, but currently, there is very little contact about this DEX, and the project’s social pages are currently inaccessible. SeaSwap promises to be a DEX based on the Sui blockchain, allowing users to exchange numerous cryptocurrencies quickly and securely. SeaSwap, as an automated market maker, employs a central limit order book to offer liquidity and enable users to buy and sell tokens at market rates in real-time. According to the project whitepaper, it provides additional chances for generating income via liquidity providing and staking, in addition to trading. But in reality, this is just a scam project.
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