SlowMist experts suspected the creator of the TEMPLE token on Solana in a scam
Investors' funds were redirected from the presale wallet to many other addresses
Experts of the auditing blockchain company SlowMist suspected the Temple Pharmacy project based on the Solana blockchain in the scam. Its creator announced the launch of the TEMPLE token using the presale method and collected from investors 32,097 SOL worth over $ 6 million at current prices, after which the presale was closed. He promised to provide details about the launch of the project on March 21, but four hours after the announcement, he began transferring investor funds from the presale address to other wallets.
Later, the creator of the project stated that some of the funds were distributed to several hardware wallets to increase their protection, and the other was sent to an unnamed centralized exchange (CEX) and its market makers to provide liquidity before the upcoming listing.
He added that immediately before the deployment of the asset, the funds will again be sent to one address for distribution among the presale participants.
Presale assumes that investors send cryptocurrency to the address of the creator, and after the launch of the project they receive a weighted distribution of tokens. In this case, there is no guarantee that the investor will receive new tokens in exchange for the sent cryptocurrency, which makes presale an extremely popular model for scammers.