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The Gemholic project team was accused of disappearing from 921 ETH (about $3.4 million at the exchange rate at the time of writing). This is reported by The Block.
According to the publication, the rug pull occurred after Gemholic recovered 921 ETH accidentally locked in a smart contract on the zkSync network in April 2023.
Initially, Gemholic representatives promised to continue developing the project after the funds were returned. However, with the unblocking of assets in June 2024, they were moved to the Ethereum network, and the project's social networks were deleted.
The founder of the zkMarkets platform, under the pseudonym NSerec, confirmed the accusations of rug pull Gemholic.
"The team has supposedly passed KYC verification by SolidProof, which has yet to comment publicly on the situation, although every minute counts. This silence is probably an attempt to avoid FUD. The KYC provider must either admit its incompetence in conducting thorough checks, or report the fraudsters to the authorities and make a public statement," he wrote.
NSerec urged victims of the incident to hold SolidProof accountable if the provider does not solve the problem.
According to the publication, the rug pull occurred after Gemholic recovered 921 ETH accidentally locked in a smart contract on the zkSync network in April 2023.
Initially, Gemholic representatives promised to continue developing the project after the funds were returned. However, with the unblocking of assets in June 2024, they were moved to the Ethereum network, and the project's social networks were deleted.
The founder of the zkMarkets platform, under the pseudonym NSerec, confirmed the accusations of rug pull Gemholic.
"The team has supposedly passed KYC verification by SolidProof, which has yet to comment publicly on the situation, although every minute counts. This silence is probably an attempt to avoid FUD. The KYC provider must either admit its incompetence in conducting thorough checks, or report the fraudsters to the authorities and make a public statement," he wrote.
NSerec urged victims of the incident to hold SolidProof accountable if the provider does not solve the problem.
