Claymore token appears to have exit scammed, all social media accounts deleted

The team behind the Claymore token project, a deflationary cryptocurrency launched on the Ethereum blockchain, appears to have pulled an exit scam.

This, according to a post from a Reddit user, who revealed that all social media accounts associated with the Claymore token have now been deleted.

As explained by its creators, the Claymore cryptocurrency was as an ERC-20 compliant, peer-to-peer "Cash token." The total supply of CLM tokens was capped at 74.9 million, and the cryptocurrency was being actively traded on DDEX, a leading decentralized exchange for Ethereum tokens.

Claymore token listed on exchanges without security audit?

The Burn Token Twitter account questioned how the Claymore token managed to get listed on DDEX, CoinExchange, and Mercatox without a security audit of the cryptocurrency's codebase.

Responding to Burn Token's tweet, a Claymore token holder said he had converted his holdings to fiat currency as he suspected that "Something crazy is going on."

Other social media users asked why comments on Claymore token's Telegram account had been disabled.

Another Twitter account, named "Dzoelx", said that the Mercury Currency and Nuke Token projects had been trading Claymore tokens after the crypto's team members allegedly pulled an exit scam.

According to Claymore Token's official post on the BitcoinTalk forum, the cryptocurrency had been launched on June 20, 2019, with an initial supply of 50 million CLM tokens.

He also revealed that before the Claymore token website went down, his name was mentioned on the website as he was a social media promoter for the project.