TechFlow reports that the FinSoul project team is accused of a rug-pull scam, allegedly hiring actors to impersonate executives and selling reserved tokens after launch, amounting to $1.6 million. In May this year, the project rebranded as "Standard Cross Finance" to carry out another scam. CertiK has confirmed that the identities of the project's executives are actually actors. Investors should remain cautious of new projects, especially those without functional blockchains. Scams continue to be an ongoing issue in the crypto space.
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