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ID:

univ-money-862

Date:

Status:

Incident Count:

April 24, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

275,486

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Recovered:

-

Rewards:

Currency:

USD, BNB

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Universe Money provides blazingly fast and innovative DaaS on the Avalanche (AVAX) network. DaaS stands for Desktop as a Service, and is a cloud computing offering where a service provider delivers virtual desktops to end users over the Internet, licensed with a per-user subscription. $Univ token provides passive income up to 1,113% APR, NFTs, Sustainability & Metaverse in your pocket. By comparison with the returns promised by $Univ’s backers, the US 10 Year Treasury yield, often referred to as the ‘risk free rate’ of return, is currently about 2.9%.

The token lost 100% of its value and founder still puzzled (so they claimed). Our analysis indicated that deployer minted ~208 trillion UNIV and started to sell them netting 275K so far before the token collapsed. The rugged funds were funneled through Tornado.Cash.

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