DEWO just got rug pulled

[cheezcarls]

DecentraWorld (DEWO) was the latest who rug pulled and exit scam their investors. After reaching an ATH of $0.37, it all goes down so quickly.

Chart: https://www.dextools.io/app/bsc/pair-explorer/0x677e595aacf96da9cbd507c63404c0fa5deb644a

Look at the transaction here: https://bscscan.com/tx/0x94018528b5dd20ae977b8de3d8e808b0b13376a743edf6c557e9124282816f66

They have sold and converted them to approximately more than 1 million USD.

I just don't understand that despite they are one of the priority projects of Kommunitas launchpad (based on strict criteria), why they still have initiated to pull this one off?

Their website and social media channels are deleted and nowhere to be accessed anymore.

Any thoughts on this one guys? Especially those who have bought DEWO tokens and got rugged?

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[mindrust]

DecentraWorld (DEWO) was the latest who rug pulled and exit scam their investors.

Look at the transaction here: https://bscscan.com/tx/0x94018528b5dd20ae977b8de3d8e808b0b13376a743edf6c557e9124282816f66

They have sold and converted them to approximately more than 1 million USD.

I just don't understand that despite they are one of the priority projects of Kommunitas launchpad (based on strict criteria), why they still have initiated to pull this one off?

Their website and social media channels are deleted and nowhere to be accessed anymore.

Any thoughts on this one guys? Especially those who have bought DEWO tokens and got rugged?

The crypto space is full of scams and scammers. Sometimes I think the government guys are right. Crypto needs heavy regulation. Yes it will kill the innovation but it will kill the scams also. I'd rather get a scam-free environment than getting an environment where 99% of the devs are scammers and only 1% of them gain success.

I haven't bought any DEWO tokens because this is the first time I heard about it and I am glad I haven't before.

[jossiel]

I just don't understand that despite they are one of the priority projects of Kommunitas launchpad (based on strict criteria), why they still have initiated to pull this one off?

It's likely that they've planned it before doing this.

Until they're not able to reach that goal and plan, they're making it look like they're an actual serious team working for this project. As they say, "fake it until you make it".

This is so common in the market lately that there are too many projects rugpulling because of the money that they can easily make after being introduced to the community and having a good share of volume.

[Doell]

Cases like that were planned before to dstar, we won't know what traps await in the future. That's right, the token's official website is inaccessible, arranged with a neat plan. The platform is new but doesn't last long for about two weeks or so but it's already reaping huge profits.

[TimeTeller]

I just don't understand that despite they are one of the priority projects of Kommunitas launchpad (based on strict criteria), why they still have initiated to pull this one off?

It's likely that they've planned it before doing this.

Until they're not able to reach that goal and plan, they're making it look like they're an actual serious team working for this project. As they say, "fake it until you make it".

This is so common in the market lately that there are too many projects rugpulling because of the money that they can easily make after being introduced to the community and having a good share of volume.

I have encountered this project as I believe they were running bounty program.
But didn't know that they already managed to exit and scam its holders.
You are right, high probability that they were already planning to pull this stunt even before launching their project.
Though it is not big as some scam projects, but that amount, you can already live decently in your lifetime.
This is why many people are still hesitant in crypto market because of so many scammers. I won't blame them for being too cautious in this market.

[Natalim]

I just don't understand that despite they are one of the priority projects of Kommunitas launchpad (based on strict criteria), why they still have initiated to pull this one off?

It is a well-planned trick. They just want to pretend that they are legit and trusted platforms in order to gain trust from the community and fall into their trap. It was found to be unusual before but for now, it was a common tactic that these scammers do.
Well, it is sad to say that many projects turn to scams whether unintentional or intentional during the bear season that is why we need to be wise when investing this time. Only invest the trusted and known coins, not new projects.

[Yogee]

.... I just don't understand that despite they are one of the priority projects of Kommunitas launchpad (based on strict criteria), why they still have initiated to pull this one off?

What if they were part of the scheme? I don't know about this launchpad but I won't be surprised if someone from their team turned a blind eye so this project could sell those tokens. Was their smart contract even audited by a reliable third party? Did they make sure the team couldn't dump large volume?

[kurniawan05]

I am an early investor in this project, they have launched several products, did advertisement in various places, smart contract has been audited and the team is doing KYC, looks like a very promising project, I also don't understand why there is a rugpull.

[lobo13hf]

This rugpull already planned by the team. I would not be surprised to see that even the token that was touching the new ATH like this was rugpulling the investors. that's pretty much the same like what happened with squid game. The team has been planned for rug pulling the investors since the project was started.

I am an early investor in this project, they have launched several products, did advertisement in various places, smart contract has been audited and the team is doing KYC, looks like a very promising project, I also don't understand why there is a rugpull.

It's caused by the team was scammer even if they have been making the project to be audited and KYC verified and it doesn't guarantee to the project itself. Im thinking about anyone should pay attention with this kind of project carefully. There are still bunch of scam projects like this in the market that intentionally rugpulling the investors since the start

[dansus021]

this is definitly a rugged, i just hear the project now but they usually have locked on unicrypt or trustswap for period of vesting. according your tx they not draining the LP but direct from deployer

and i just take a look of their social media including their ann on bitcointalk all deleted https://bitcointalk.org/index.php?topic=5393952

[CryptoWebDirectory]

I agree with what another person said in this thread...Sometimes I think the crypto market needs some regulation. Scamming is just too easy these days and it's really just getting annoying at this point. I feel bad for those who invested their hard earned money into this project and lost, but the worst part is, it won't be the last time this happens. Anyone who doesn't have morals or care about scamming people they will never see in person can just write up a smart contract, use services like those available here on these forums, wait a little while, and pull the rug to take off with some free cash. It's so easy I almost wonder why literally every other token isn't a rug pull...

[DapanasFruit]

I am not familiar with this DEWO project...and I am so sad to learn that this has become one of the many in the long list of scams and frauds in this exciting cryptocurrency and DeFi industry. Just one of the many good reasons why I don't easily trust a project no matter how solid they presented things to be...there are so many scammers in this industry that trust has already become a very important commodity. Unfortunately, people who trusted them are ending up helpless...and maybe just accept the fact that this is another risk we are facing while being in here. So sad.

[LogitechMouse]

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Any thoughts on this one guys? Especially those who have bought DEWO tokens and got rugged?

Thoughts? Hmmmmm a classic rug pull and there's nothing new about it.
With how many rug pulls that we saw in the past years, I don't know if it's only me but I see this as a normal thing already with crypto as long as there is no regulation that is being made.

It's quite unfortunate as always to see investors losing their money because the token that they bought just got rug pulled but.. it is what is and that is why Crypto-Youtubers always say this famous quote "Invest what you can afford to lose. This is the reason why investors are very hesitant when investing in crypto thus, it slows down the adoption of it. Scam projects everywhere, projects going rug pull etc. It would be better if investors will just focus on the top market cap coins.

[lienfaye]

I just don't understand that despite they are one of the priority projects of Kommunitas launchpad (based on strict criteria), why they still have initiated to pull this one off?

It's likely that they've planned it before doing this.

Until they're not able to reach that goal and plan, they're making it look like they're an actual serious team working for this project. As they say, "fake it until you make it".

This is so common in the market lately that there are too many projects rugpulling because of the money that they can easily make after being introduced to the community and having a good share of volume.

Well, it looks like thats really the case. They just waited for the perfect timing to exit and leave the people who trusted them. I feel bad for the investors who became victim of this project. Nowadays many projects are trash, thats why its hard to find a legit that will give you a profit once you invest. The reason why I dont trust a projects that are not existing for years because it might turn like this.

[JangoUnchained]

I am expecting more of this in 2022 and into 2023, if you know what's good for you stay away from new metaverse projects unless they are very much transparent in everything, metaverse hype isn't dead yet that's why many scam metaverse projects will keep appearing.

[inanilujimi]

This has become a common thing for those who like to hunt for new projects, although I did not invest in this project because I was tired of seeing new projects that were only for pumps and dumps that benefited devs and early investors only.
There is nothing else to do considering they have deleted their web and social media.

[cheezcarls]

This just got in! SolidProof, one of those who have KYC'd and audited DecentraWorld (DEWO) had published their initial investigation here:

Link: https://solidproof-io.medium.com/incident-decentraworld-dewo-9dcf612e4b68

And also EASTCOAST tweeted these, claiming that these pictures are the devs behind the DecentraWorld exit scam:

https://twitter.com/christoph0111/status/1529248604208111616

https://twitter.com/christoph0111/status/1529248583689678848

But I am not sure about this yet, as I need a final update from SolidProof, Kommunitas and the rest who have KYC'd and audited them to expose their filthy faces, IDs, etc.

[jossiel]

I just don't understand that despite they are one of the priority projects of Kommunitas launchpad (based on strict criteria), why they still have initiated to pull this one off?

It's likely that they've planned it before doing this.

Until they're not able to reach that goal and plan, they're making it look like they're an actual serious team working for this project. As they say, "fake it until you make it".

This is so common in the market lately that there are too many projects rugpulling because of the money that they can easily make after being introduced to the community and having a good share of volume.

Well, it looks like thats really the case. They just waited for the perfect timing to exit and leave the people who trusted them. I feel bad for the investors who became victim of this project. Nowadays many projects are trash, thats why its hard to find a legit that will give you a profit once you invest. The reason why I dont trust a projects that are not existing for years because it might turn like this.

Most projects that have intention to rugpull do wait for the perfect timing and opportunity doing it.

It's like everyday that we're seeing a project that has been new and then a rugpull has been made. Investors should realize that they have to avoid majority of the new projects and get a focus on the older ones that has been solid and proven.

Hopefully, those who are involved will have to suffer and will be caught for what they've done.

[kurniawan05]

It's caused by the team was scammer even if they have been making the project to be audited and KYC verified and it doesn't guarantee to the project itself. Im thinking about anyone should pay attention with this kind of project carefully. There are still bunch of scam projects like this in the market that intentionally rugpulling the investors since the start

I have experienced several rugpulls and this is the fastest falling rugpull, only 1 hour from ATH to the lowest price, very painful indeed, so many scammers in the crypto world, be careful.

[Wexnident]

It honestly wouldn't be odd for scam projects to actually put in the effort before pulling out their entire team and leaving the investors behind. This is probably to try and attempt to scam more money from their investors. They'd probably even risk their identities because they've already prepared in trying to escape and probably change their identities somehow. Ofc with a reliable team and a small mistake they could be found, but it can take a lot of time.