Creators of Tsuzuki Inu cryptocurrency earned over $ 1,000,000 and disappeared

Although cryptocurrency scam SQUID still rumored, some users fell for the same trick from other attackers.

This time, the fraudsters turned out to be the creators of the Tsuzuki Inu cryptocurrency. It was promoted as another meme token. It has been in circulation since the spring of this year, and the issue amounted to 1 quintillion coins (10^eighteen). As with SQUID, the developers promised to launch the game with Tsuzuki Inu as the main currency.

The creators of the cryptocurrency exchanged tokens for Wrapped Ethereum coins, after which they transferred the assets to USD Coin. Ultimately, the scammers withdrew almost $ 1.16 million, and the Tsuzuki Inu rate fell by 97%, amounting to $ 0.0000000000018.

A source: CoinMarketCap, itechpost