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1/ How deeply I got rugged by @0LNetwork - 7 figures $ worth.
TLDR: The team behind @0LNetwork ( $LIBRA ) decided to hard fork because of a "rogue core" member. This fork resulted in a wipe out of 4% of the total supply, also burning innocent people’s wallets, including tokens purchased almost 2 years ago. Forking out wallets without community input is theft. With no remorse or explanation from the team, we’re left unsupported and hanging.
To be fair, it wasn’t even a malicious act; it was a contract bug that still exists in their newest version, V7. It was just a loophole to unlock vested tokens faster by distributing it across multiple wallets. As each wallet could only lock a certain amount of tokens per period.
Back then, the team members were aware of the bug but chose to ignore it because the tokens held little value. This bug/function, by the way, was only known by insiders, and some of them decided to abuse it.
The team allowed this 'malicious' act to persist for over 2 years. Only now, when the tokens gained significant value, did they decide to act. Meanwhile, many buyers, including myself, purchased OTC tokens fairly and are now suffering the consequences of unjust behavior by a team that did not take responsibility for their fault.
How were buyers expected to know that such a bug/function existed? How were we supposed to know that insiders, including a former core team member, actively made use of it? How were we supposed to know that a portion of the circulating supply was contaminated?
As a former contributor ('hustle team' member), I witnessed firsthand the selfish and amateurish behavior of the centralized 0L team, led by 0D (Lucas Geiger, former fraudster from the WireLine ICO, who was charged for fraudulent activity by the SEC).
Let's delve into the evidence showcasing the immoral behavior of this team surrounding this situation, and why you should avoid them at all costs.
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