Data Transaction Token, originally called Scroll Token, has allegedly pulled off an exit scam on its investors. The trading volume of the cryptocurrency crashed from a peak of over $2 million to under $100,000 this month. The company behind the project, SoluTech, has officially ceased its operations. The website has also been taken down.
SoluTech, Inc. (also known as “Scroll” or the “Scroll Network”) is no longer conducting active business. Further questions should be directed to (508) 549-5797, or via email to solutech@vlpc.com.
— Scroll (@OfficialScroll) October 17, 2019
Several cryptocurrency traders have been calling out Data Transaction Token from some time. Founder of the AltOne group, John Nguyen is under fire for allegedly shilling the token. The CEO had promoted the coin on Twitter on several occasions. He once tweeted, asking people to get on board as Scroll Token is mooning this year.
$SCRL opened up at 600% gain today from ICO price in a BEAR market. Goes down and already recovering back up in a BEAR market when $BTC and $ETH are going down. Bullish @OfficialScroll AF. Breaking away from ERC20. Get on board cause we mooning this year. @Scrollnate pic.twitter.com/zvORrvorPl
— AltOne Crypto 🚸 (@AltOne_Jedi) June 29, 2018
Just hours before Scroll announced it had ceased operations, the price of the token fell from $0.0117 to $0.0033 in just two hours as it experienced a dump of 75%.
