🚨 Alert! Astrology-based NFT project Lucky Star Currency (LSC) has pulled off an exit scam worth more than $1 million, according to an October 9 report from blockchain security firm Certik. The LSC tokens were withdrawn from the NFTMerge and AdwardCenter contracts, exchanged for Binance USD (BUSD) and sent to another account. 😱

LSC is a project that focuses on NFTs and claims to be founded by astrologers. It is aimed at the Chinese cryptocurrency investment market. Apparently, before the scam, LSC was promoted on the Chinese news app Toutiao and the question and answer platform Zhihu.

Chinese project exit scams have become a recurring problem in the Web3 space. What do you think of this type of scam? Comment below! 🗣️