PRL/Oyster Exit Scam by kingscrown

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ethereum · @kingscrown ·
$81.50
PRL/Oyster Exit Scam
Sadly a coin PRL aka Oyster Pearls just did an exit scam few hours ago.

It looks like they had a "bug" (option) in contract to restart ICO and someone from the team did it. He bought cheap and dumped loads of coins (around 300k USD) on [KuCoin](http://KUCOlN.com).
![](https://cdn.steemitimages.com/DQmPqXL7mqSqzwCYeBb5FiM6nt1WT6XmB5SVCeDLkrm3rj7/image.png)

Actually it was all in the contract but nobody noticed that ICO can be restarted any time.
DirectorLock has been set  false the entire time. Nobody ever called selfLock() to prevent another ico from being started and now guy bought cheap (almost free) coins and dumped em.

![](https://cdn.steemitimages.com/DQmatwymQiRFY263auR6UrfyUXZgKdjUE49HGkABJXzRH2F/image.png)


## Markets
![](https://cdn.steemitimages.com/DQmQKWvDnxyCKuMiEJdEzKdR9mmeqdBAz3ZU5qGmmqc7dop/image.png)

PRL is disabled on most spots now but a few still let you sell ie [CoinExchange](http://fuk.io/coinexchange) or [COSS](http://fuk.io/coss).

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👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 394 others
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vote details (458)
@heroic15397 · 
Shocking. I guess this makes the case for CLO, the ETC token being about incentivizing good smart contracts auditing.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@kingscrown ·
$0.05
nobody reads those contracts and now... here we are heh.
👍  , ,
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vote details (3)
@ketcom · 
This is so sad and shocking, it gives the government of the world more reasons to want to regulate crypto-currencies.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@mymikefund · 
https://steemit.com/@mymikefund  Could you upvote for my post? thank you
👎  
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vote details (1)
@tradealert · 
Shocking I wish this ICO craze never happened.
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@chesatochi · 
That why ICOs have not a good reputation lately!

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@cjturtleman ·
$0.04
Bummer, I owned a few of those coins :(
👍  
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vote details (1)
@steem-ua · 
#### Hi @kingscrown!

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Your **UA** account score is currently 7.330 which ranks you at **#65** across all Steem accounts.
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@iamskr · 
This is really shocking..
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