Community members are currently trying to trace the Gemholic contract creator’s address, allegedly funded by Binance.
The cryptocurrency community is in turmoil following a suspected scam involving the Gemholic project on the zkSync network.
Many users affected by the alleged Gemholic scam have turned to social media platform X to share their experiences and raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic has stolen $3.5 million.
In a post on X, NSerec claimed that Gemholic deceived its investors for a year by falsely promising refunds. When the funds were finally unlocked, the team executed what appeared to be a scam, commonly known as a rug pull. NSerec mentioned that the contract creator’s address was allegedly funded by Binance and urged anyone with information on how Binance might help to come forward.
KYC Provider’s Silence
Despite completing Know Your Customer (KYC) verification with SolidProof, the verification service has not publicly addressed the situation. NSerec believes that the silence is possibly an effort to prevent fear, uncertainty, and doubt (FUD) among investors.
According to NSerec, the KYC provider should either admit to inadequate checks on the individuals involved or report the fraudsters to the authorities and inform the public about what happened. If SolidProof continues to ignore the issue, it raises doubts about the reliability of their service.
Summary Review: The suspected $3.5 million scam involving Gemholic has sent shockwaves through the cryptocurrency community, highlighting the risks associated with investing in digital assets. The silence from the KYC provider SolidProof only adds to the frustration and uncertainty among investors. As the community rallies to uncover the truth and seek justice, the incident serves as a stark reminder of the importance of thorough due diligence and the need for greater transparency in the crypto space.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
