The G.O.A.T. (“Greatest of all Tokens”) project claimed to be “the new standard in cryptocurrency”, with vague claims that it would “add value by addressing scalability and risk management utilizing a broad range of strategies”. Unfortunately for buyers, one risk they didn’t manage was that one of the project developers would suddenly sell off their holdings, making off with $260,000 while crashing the token price to nearly $0.The remaining project developers have tried to remain positive and restore faith in the community, accusing the developer who sold of “gluttony” and “greed”. The project also implemented a steep 50% tax on remaining holders to discourage them from trying to sell.

Total loss estimated at $260,956.