A blockchain security firm tried to warn users of an imminent rug pull surrounding a crypto project, but investors became angry and fired back. The firm rescinded the security alert. Then, the project it accused of being a rug pull pulled the plug.
This is the story of CertiK, a blockchain security firm just trying to do its job, the users who tried to stop it from doing so, and the project, Crypto Cars, that (perhaps gleefully) turned its back on its users.
Screenshot of CertiK’s rug pull alert on Crypto Cars in 2022. Source: TwitterOne of the final statements posted on Crypto Cars’ Telegram before its shutdown. Source: TelegramCertiK being criticized for the rug pull alert on Crypto Cars. Source: XCrypto Cars team members on the website back in 2021. Source: The Wayback Machine
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