Bytecoin, an open-source decentralized platform, has been on the news recently for all the wrong reasons including a de-listing by Binance and the plummeting of the tokens price. It’s now emerging that the platform’s developers may have pulled a phantom and planned an exit scam.

According to an analyst, the developers allegedly pumped and dumped the coin where the price of Satoshi was stuck at 50 before the Binance listing and shot to 200 sat at which point the funds were frozen. The coin hasn’t recovered from the whole ordeal

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