$METIS The Scam:
They launched a Layer-2 solution promising high yields and the next evolution of scalability. They used Elena’s educational platform to market to unsuspecting newcomers who trusted her brand. Kevin engineered the "token economy" to lock liquidity and inflate the price. Yuan handled the "tech," ensuring the team retained admin keys.
Once the Total Value Locked (TVL) was high enough, they pulled the trigger:
1. The Bridge Breaks: Yuan halted the bridge, preventing users from withdrawing their funds back to Ethereum.
2. The Token Dump: Kevin and Elena dumped their massive allocations while "community" tokens were frozen.
3. The Aftermath: The token dumped 99% in hours. The "innovative Layer-2" turned out to be a centralized database with a pretty UI.
These three aren't just failed entrepreneurs; they are scammers who used Elena's "blockchain education" facade as a trojan horse to infiltrate the space and steal from the very people they claimed to teach.
Stay safe out there. Do your own research. Don't trust the "educators" who won't let you withdraw your funds.
The Founders: Metis (METIS) is an Ethereum Layer-2 network co-founded by Natalia Ameline (Vitalik Buterin's mother) and Elena Sinelnikova .
If the founder has no reputation, the project has no floor.
· like $AAVE e has a floor because Stani can’t afford to lose his Reputation ..
But The projects like $METIS Dumped to 99% because of No Reputation