The story of how the project team suddenly changed plans, causing traders to lose $73,000 overnight

RumbleValidator · 2026-01-12T03:52:15+00:00

A certain token sale project, Trove, suddenly extended the deposit deadline as the sale was about to close, triggering a large market buy order. However, the extension was later canceled, causing many investors to suffer losses, with one investor losing nearly $73,000. This incident reveals issues with the project's unregulated operations and chaotic information disclosure.

RumbleValidator

2026-01-12 03:52:15

Abstract generation in progress

【BitPush】A certain token sale project Trove recently caused a major blunder. Just five minutes before the sale was about to close, the project team suddenly updated the smart contract, extending the deposit deadline to January 20th. This instantly caused a stir on a certain prediction platform—huge buy orders from project-related wallets suddenly flooded in, ranging from at least 100,000 shares to as many as 300,000 shares.

The story isn’t over yet. The project team first announced on X platform that the sale would be extended by another 5 days, scaring many traders into following suit and buying in, causing the odds to soar. Not long after, they posted again saying the extension was canceled and the original plan would be maintained. The inconsistency directly trapped a large wave of people.

The worst hit was that guy—just as the closing was imminent, he invested $89,000, originally aiming to earn a steady $200. Now? His account shows a loss of over $73,000—a nightmare. This operation can be considered a textbook example of a negative case: the project team’s unstandardized operations, coupled with chaotic information disclosure, ultimately leaving ordinary traders to bear the brunt.

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FlashLoanPhantom

· 18h ago

I couldn't help but laugh. Is this the typical prelude to a rug pull? The project team's moves are really top-notch—changing the contract temporarily, repeatedly changing their story, they're almost at the point of directly saying "We're just here to harvest the little guys." So this guy put in 89,000 just to make 200? Wake up, everyone. This kind of feint is the easiest way to trap people.

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airdrop_whisperer

· 18h ago

Another episode of "Inconstancy," this project team is really incredible, playing psychological games like it's a game. The project team's move to change the contract is too malicious, it's clearly just to lure more investors. 8.9 million evaporated overnight, losing 7.3 million? This guy must be so speechless, the dream of $200 vanished in an instant. Honestly, it's still a matter of information asymmetry; those who react quickly make money, while those who react slowly become bagholders. Changing the rules before a pump? Are they trying to catch everyone off guard? It's 2024, and they’re still doing this kind of operation, it's truly ridiculous. Really, when will traders be able to stop falling into these traps?

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HashBard

· 18h ago

nah this is just psychological warfare dressed up as a smart contract update... the narrative arc here is *chef's kiss* tragic actually. five minutes before close? that's not incompetence, that's a specific kind of theater

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SmartContractDiver

· 18h ago

This is a typical project team manipulation tactic, delaying first and then canceling, playing really well. That guy's 89,000 yuan directly evaporated 73,000 yuan, truly tragic. The project team's move is brilliant; just changing the contract time can harvest a bunch of people. Fortunately, I didn't get in; just looking at it makes me feel uneasy. Why do some people dare to do this? Don't they have risk control? To put it simply, it's still a huge information gap, and the project team is easily manipulating. Remember this kind of project team tactic, and next time you see similar signals, run immediately.

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