#CYS This project is about to go under
1. Accused of TGE manipulation (most serious) — KOLs (Morsy, Crypto_Painter, etc.) accuse Cysic of using newly created wallets to control 12–20% of the tokens during the token generation event, then transferring them to major exchanges to sell off, leaving early presale participants holding the bag.
2. Suspected financial data fraud — Reports say its actual revenue was only about $150,000, while it publicly claimed $6 million—a 40-fold difference. A questionable $3.8 million figure is also involved.
3. The independent rating site isthiscoinascam.com gave it a low score/high-risk rating. Red flags include:
• Less than 2 years of blockchain history
• Low economic security
• Low community engagement, with mostly negative recent sentiment
• No recent code commits (a sign development may have stalled)
• Less than 50% of the total supply is circulating (meaning substantial future unlocks could put downward pressure on the price)