"Erjiu" became popular, but "Erjiu Coin" collapsed. The issuer was suspected of running away, involving an amount of up to 1.3 million US dollars

Introduction : Whether this is a "good deed" or a "scam" is still under question.

Today, "Erjiu Coin Collapse" became a hot topic.

The "Second Uncle" that just "cured countless people's mental exhaustion" was actually used as a profit-making tool by criminals, who issued "Second Uncle Coin" to defraud money?

According to Securities Times e-company report, a digital currency called second uncle coin has appeared, and the issuer is suspected to have run away!

It is understood that the suspected initiator of the coin, Second Uncle Dao, claimed that he would donate the funds raised to his "Second Uncle" to provide him with pension security. Currently, the project continues to publish regular announcements about the coin's transactions and has not publicly admitted that the project is a scam on any social platform.

Image source: Internet

The hot topic on the Internet is that the second uncle coin pool, which has been very popular recently, has experienced a Rugpull (a common incident in the crypto industry where money is taken away and repatriated). The contract deployer has washed the stolen money through Tornado Cash. As of now, the price of the token SUC has fallen by 99.7%. According to statistics, the total profit of this fraud incident is as high as 1.3 million US dollars.

After checking the digital currency website, a Securities Times reporter found that the currency did exist and that it had fallen sharply in the past two trading days, from its highest point to only one-tenth of its current market value.

Image source: Securities Times

All of this stems from the recent popularity of the "Second Uncle". An 11-minute video titled "Three Days Back to the Village, My Second Uncle Cured My Mental Insufficiency" went viral on the Internet. "Birth, aging, sickness and death... are not God's cruelty, but mercy" and "The second happiest person is the one who never looks back." The philosophical words and fast-switching shots, the photographer reviewed the ordinary but wonderful life of the "Second Uncle" from the perspective of a "nephew", touching countless netizens. (→Previous report)

Image source: Video screenshot

The act of using the touching story of "Second Uncle" to issue "Second Uncle Coin" to set up a scam was jokingly said by many netizens: "These days, scammers also need to keep up with the times, right? They need to be good at English and be able to issue coins..."

Late at night on July 30, the issuer of "Second Uncle Dao" responded to the relevant remarks about running away, saying: "The team has never rigged a pull or withdrawn the pool. Where is the so-called expert's Twitter? Can you point the way?"

Image source: Internet

So far, Erjiucoin has not released any information. Whether this is a "good deed" or a "scam" is still under question.