On-chain sleuth Specter slams Serpin token launch: low liquidity and only 15% refunds
- —Specter says Serpin issued a token for a project that did not need one and ran an ICO
- —Team activity dropped after the TGE, according to Specter
- —The token listed only on Coinbase with low liquidity
- —Only 15% of funds were refunded; 85% requires a lengthy claim process
Why it matters: The case highlights the risks of backing little-known ICOs and TGEs, where refunds can drag on and token liquidity may stay thin.
Source: PANews