They are actively investigating possibilities to help those taking advantage of. Thank you.Instant Crypto Credit Lines™ from only 5.9% APR. It is a News Media Platform which serves its audience with accurate News and Analytical Articles. The founder printed millions of new tokens and sold them on KuCoin for an estimated ~300,000 USD. The news first broke out on Reddit and it seems that the transferDirector function was used on the Oyster Protocol token contract. It was a small and relatively unknown Canadian exchange.. Step 1 – Register at Kucoin To buy the token, you first need to sign […] Oyster Protocol (PRL) Founder Bruno Block transfers directorship of PRL smart contract to himself and proceeds to exit scam the PRL project. According to an official,, Bruno Block, the original founder and chief architect of the project, was the only one who had the ability to transfer directorship within the PRL smart contract. Prices. Oyster Pearl (PRL) founder has perpetrated an exit scam after printing millions of PRL tokens and trading them instantly on Kucoin. Bitbond STO - … Not only this, the other people of the Oyster Pearl project seem to have been taken by shock as well.The official Twitter account of Oyster Pearl (PRL) declared On Twitter that token trading on the Kucoin exchange has been halted:The official Twitter account further described that no smart contract bugs have been found and the contract passed 3 different audits. Live Oyster Pearl prices from all markets and PRL coin market Capitalization. $100 million custodial insurance.Or are you looking for the current Bitcoin Price in USD? Oyster is a new protocol that approaches revenue generation on the web in a way radically different than past solutions. Oyster nodes run for Pearls that are planted across file data structures maintained on the Tangle. They will be performing a contract swap on the block just earlier to this all happening (e.g. It further elaborated that it is conducting a “thorough investigation” and “will be unable to make refunds”. The coin is now valued at $0.0746 and trading has been halted on almost every exchange where PRL is available.Cordes writes that everyone’s PRL tokens are safe, and they will likely be performing a token swap on the block before the exit scam occurred, and swap investors PRL for their new token. The damage has been caused and the search for Bruno Block begins.The team has also posted the withdrawal addresses that Bruno withdrew the funds he sold on KuCoin to,ETH: 0x0001Ee57Bb28415742248d946D35C7f87cfd5A54,Two days ago, one more crypto exchange was avowedly hacked or more presumably exit-scammed. This provided the new director to re-open the ICO for PRL and re-issue new tokens (1 ETH = 5000 PRL / .04 per PRL). The stolen funds represent only about 1.5% of the coins market cap, and thus the team believes that this means that the project can recover.While this incident may have many people screaming “Bitconeeeeect” it is important to realize that this was one individual who has done their damage but is now gone. By offering the choice for users to commit a small portion of their device’s computing power to perform proof of work in return for web content, Oyster allows website owners to generate revenue without hindering the experience of their consumers. This is a short guide to safely buying Oyster Pearl (also known as PRL coin) on the Kucoin exchange. 1/2 No smart contract bugs in Oyster Pearl have been found and the contract passed 3 separate audits. This led to several Twitter users accusing them of being the ‘hackers’, misrepresenting information of the hack, and planning an exit scam.BTI Claims $6 Billion Daily Cryptocurrency Volume is Fraud, How to Combat it?CPChain Network Is Now Tradable On KuCoin,Justin Sun Supports FCoin Scam, What You Need To Know About It.Top 10 Most Trusted People in Crypto: Crooks or Not. The official social media account of the company posted that due to a bug,” an unnamed group of individuals managed to withdraw funds. The team also believes that Bruno purposefully executed this change while most of the KuCoin team was asleep. Independent journalism can only survive if we stick together as a society. It should be cause for concern if the owner is anonymous.I am the Head of Community Speaks and a content writer at Altcoin Buzz. All 98.5 million PRL prior to the contract vulnerability will be exchanged on a 1:1 ratio to PEARL (or something to that effect)). List of Oyster Pearl (PRL) exchanges with real-time price comparison where you can buy, sell or trade PRL for other currencies and crypto coins. The news first broke out on.and it seems that the transferDirector function was used on the Oyster Protocol token contract. The Oyster smart contract enables Pearls to be slowly discharged from their implanted state, therefore securing the data’s integrity for the exact amount of time.The official post further explained that the KYC procedures of Kucoin would have restricted withdrawals on Non-KYC’ed accounts to no more than 2 BTC per day and would have blocked this from occurring. Directorship of the contract had to remain open so that peg could be adjusted.In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Our team is committed to providing unbiased News & Reports related to various Cryptocurrencies, Decentralized Apps, Initial Coin Offerings (ICOs) and Blockchain technology.We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Add @cryptocalapp_bot. This also took the entire team outside of Bruno Block by shock because the team collectively owns ~5% of the total supply in private wallets.