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CertiK’s identification of Crypto Cars as ‘rug pull’ was a false alarm -Breaking


Blockchain enthusiasts are often sensitive to small anomalies in projects that they monitor and fear the worst during market crashes. CertiK (NYSE:), a top cybersecurity platform for the blockchain, had issued a Twitter warning about CryptoCars. It claimed that this was “rug pulling.” Staff quickly removed the warning post, believing it to be a false alarm.

Cointelegraph obtained a number of Twitter screenshots that CertiK used to first claim the Telegram and website for CrytoCars had gone down. Users quickly pointed out the functionality of both CryptoCars’ website and Telegram app, prompting CertiK to revoke the community alert.