2025-12-03 11:27:22

Serial Rug Pull Warning: Multiple Projects Suspected of Related Scams

Recently, there have been serious concerns in the community regarding projects such as AKAS, OLY, and LynkCoDAO. Some users have pointed out that these projects may be connected and are using similar operational models to conduct multiple rounds of rug pulls.

Phrases to be wary of include: "treasury backstop," "permission renunciation," and other promises that appear to be decentralized. These types of projects often attract investors by leveraging popular narratives like DeFi concepts and DAO governance, but in practice, there may be risks of centralized control.

Recommendations for investors:
- Thoroughly investigate project backgrounds and team history
- Verify whether smart contract permissions are truly renounced
- Be cautious of projects that promise excessive returns
- Start with small amounts and diversify risk

The market needs to remain rational, and any investment decisions should be based on thorough due diligence.

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ProtocolRebel

· 12-03 11:57

It's the same old "permission revocation" trick again. Can't believe people fall for it every day. Honestly, these projects all use the same copied playbook. You really have to stay alert. Treasury backstop? Ha, I'd like to see if anyone's actually ever received it. Doing small tests is right, because sending a large amount is basically giving away money.

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TooScaredToSell

· 12-03 11:57

Another batch again? I can see through this scheme with my eyes closed. Treasury backing, permissions renounced... ha, it already sounds ridiculous. It's about time these serial scammers got dealt with, seriously. Just check the contract permissions and you'll know if it's real or fake—don't say I didn't warn you. I just want to ask, how many more new victims will be fleeced before this stops?

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WenMoon42

· 12-03 11:56

Another round of harvesting noobs, are all the tricks this similar? --- “Holding the bottom with the treasury” gives me goosebumps. As soon as I hear this phrase, I know I need to be careful. --- Already saw through this a long time ago. These project teams just rebrand and start over, and the noobs still pile in. --- Have they really given up contract permissions? Heh, I doubt it. --- lmao, it’s always the same story—just change the name and keep harvesting. --- Why are so many people still playing with this stuff... I’m honestly speechless. --- I admit, small-scale testing is the way to go, otherwise it’s just a living case study of what not to do. --- Wait, are these projects really run by the same group? Feels like they all have the same vibe. --- DeFi, DAO, decentralization... these terms are just banners for harvesting now. --- Seriously, everyone should really do their homework. Don’t get blinded by fancy concepts.

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HashBrownies

· 12-03 11:54

Here comes another batch of serial scammers. I'm so sick of hearing this same script. Every day it's "permission revoked," but the contract is riddled with permissions like a sieve. It's hilarious.

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GateUser-2fce706c

· 12-03 11:50

I’ve said all along that there are issues with this DAO narrative—anyone just now catching on is really late to the game. I saw through this scheme last year. The similarities between these projects are way too obvious. "Treasury backing," "relinquishing authority"—no matter how nicely they phrase it, it’s just a smokescreen. It’s still centralized control behind the scenes. My friend got burned by exactly this. To be honest, the real wealth hack is spreading risk with small test amounts. A lot of people are still hung up on the details, but they’re missing the core of investing. The key is to scrutinize the team behind the project. I’ve stressed this before. Coming out with warnings now is too late; people should have been wary of these serial rug pulls long ago.

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Degen4Breakfast

· 12-03 11:43

It's the same old rhetoric of "treasury backstop" and "giving up authority," I'm so tired of hearing it. Do these people really think retail investors are fools?

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