Token

Cardano

SatoshiVM

Read

Conflux

<ul> 
 <li>Crypto Trader Mac exposes Ape Terminal’s rigged IDOs and betrayal.</li> 
 <li>He and another member of the community share evidence of rigged IDOs.</li> 
 <li>Mac stands firm amid threats, vows to publish findings.</li> 
</ul> 
<p>In a shocking revelation, renowned crypto trader Mac has exposed <a href="https://apeterminal.io/" target="_blank" rel="noreferrer noopener nofollow">Ape Terminal</a>, labeling it as a scam project with a deceitful team. <a href="https://twitter.com/MacnBTC" target="_blank" rel="noreferrer noopener nofollow">Mac</a>, who had considered the team a friend, took to social media to share the disturbing findings.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A person I considered a friend and ate dinner with a week ago has lied to my face, betrayed and scammed me, several IDOs and the crypto community.<a href="https://twitter.com/theapeterminal?ref_src=twsrc%5Etfw">@theapeterminal</a> has scammed all of the IDO launches on their platform<br><br><a href="https://cryptonewsland.com/bitcoin-accumulation-surges-at-30200/">200</a>,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/">000</a> wallets applied to win the IDOs and <a href="https://cryptonewsland.com/10000-xrp-at-100-per-coin/">10</a> winners got…</p>— Mac 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@MacnBTC) <a href="https://twitter.com/MacnBTC/status/1750278494477562169?ref_src=twsrc%5Etfw">January 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to Mac, Ape Terminal orchestrated a scam during various Initial DEX Offerings (IDOs) hosted on their platform. Reportedly, out of 200,000 participating wallets, the Ape Terminal team exclusively won all 10 spots per IDO. Additionally, the team imposed a 25% fee on participants, further intensifying the alleged scam.</p> 
<p>Mac, who had initially introduced Ape Terminal to the SatoshiVM team, expressed disappointment, stating that trust in a fair sale was impossible. Despite returning the $SAVM tokens to the SatoshiVM team, Ape Terminal allegedly made substantial profits by selling the winning wallets.</p> 
<p>In response to Mac’s expose, Ape Terminal threatened legal action for defamation. Undeterred, Mac stands by his claims, asserting that all the information is verifiable on the blockchain, and he plans to publish the findings.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Ape Terminal says they will sue me for defamation but make 10 false statements in one google document<br><br>Everything is verifable on chain and we will publish the findings.<br><br>I'm advisor for the SatoshiVM team and have been working closely with them.<br><br>I was doing Ape Terminal a… <a href="https://t.co/yhhUZB9XMy">pic.twitter.com/yhhUZB9XMy</a></p>— Mac 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@MacnBTC) <a href="https://twitter.com/MacnBTC/status/1750303437026173103?ref_src=twsrc%5Etfw">January 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Supporting Mac’s accusations, crypto advisor <a href="https://twitter.com/bx1core/status/1750331331790196784" target="_blank" rel="noreferrer noopener nofollow">bx1</a> conducted an analysis of Ape Terminal’s IDO winner wallets. The findings revealed that only 5 out of 10 winning wallets were funded $1000 within an exceptionally short time frame from MEXC, exhibiting similar selling patterns.</p> 
<p>The probability of these specific wallets winning, given the vast pool of participants, was infinitesimally low, further fueling allegations of rigging and scamming by Ape Terminal. The crypto community is now closely watching as the controversy unfolds, with many calling for transparency and accountability in the decentralized finance space.</p> 
<p>The community also laments over the constant scam stories that arise in the crypto space. Scammers even <a href="https://cryptonewsland.com/michael-saylor-warns-bitcoin-holders-of-deep-fake-scams/" target="_blank" rel="noreferrer noopener">target big projects</a> to <a href="https://cryptonewsland.com/beware-trust-wallet-users-targeted-by-scammers-using-kyc-requests/" target="_blank" rel="noreferrer noopener">trick the new and poorly informed masses</a> looking to the space to make their fortunes. It is always important to stay vigilant and do your own research (DYOR).</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/terminal-3-raises-pre-seed-funding-for-decentralized-user-data-infrastructure/">Terminal 3 Raises Pre-Seed Funding for Decentralized User Data Infrastructure</a></li>
 <li><a href="https://cryptonewsland.com/solend-founder-slams-alameda-for-manipulating-token-price-in-ido/">Solend Founder Slams Alameda for Manipulating Token Price in IDO</a></li>
 <li><a href="https://cryptonewsland.com/cardano-welcomes-coinecta-a-web3-cross-chain-ido-launchpad/">Cardano Welcomes Coinecta, a Web3 Cross-Chain IDO Launchpad</a></li>
 <li><a href="https://cryptonewsland.com/mcdonalds-china-releases-big-mac-cube-nft-amid-china-crypto-ban/">McDonald’s China Releases Big Mac Cube NFT Amid China Crypto Ban</a></li>
 <li><a href="https://cryptonewsland.com/conflux-and-china-telecom-debut-first-on-chain-interaction-with-blockchain-sim-card/">Conflux and China Telecom debut first on-chain interaction with Blockchain SIM card</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/ape-terminal-exposed-as-scam-the-project-allegedly-rigged-all-idos/">Ape Terminal Exposed as Scam, the Project Allegedly Rigged All IDOs</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ape Terminal Exposed as Scam, the Project Allegedly Rigged All IDOs

Crypto News Land

Other articles published on Jan 25, 2024

Manta Network Price Prediction: MANTA Pumps 30%, But Analysts Say This Booming ICO Might Be The B...

OG Crypto Coins Set To Pump Next In The 2024 Bull Run - ETH, IOTA, LINK, LTC, XRP

Price Analysis: SOL Price Recovery May Not Last Unless Solana Clears This Hurdle

helium price prediction: A Path to Multibagger Triumph

Arthur Hayes Says ‘’Mini Financial Crisis’’ May Send Bitcoin To $30K, Plans To “Load Up On Solana...

Whales doubling down on new meme coin

Join our free newsletter for daily crypto updates!