Crypto KOL: Cysic TGE cluster manipulation and falsified accounting data
TL;DR
Crypto KOLs allege Cysic TGE manipulated token distribution with fake addresses and poor community allocation, while also using substandard components in products.
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According to Odaily Odaily, crypto KOLs Morsy and others published an article on the X platform disclosing serious clustering behavior by Cysic TGE. A large number of token-holding addresses were created just three days prior, and 12-20% of CYS tokens were manipulated, with some already sent to CEXs, ultimately leading to poor community distribution. Participants in the pre-sale and other contributors either suffered losses or did not receive the promised rewards. Furthermore, the company's products have been found to contain substandard components; some mining rigs contain chips from recycled Antminer L7 miners.