Mpeppe investors say project stole their coins ahead of casino plans

Allegations of Fraud: The hybrid gambling and DeFi project Mpeppe is facing accusations of running a fake presale, as several investors have reported paying for tokens but not receiving them, with blockchain data showing that all tokens are held by the deployer account.

Suspicious Practices: Mpeppe's presale process lacks standard smart contract mechanisms for token distribution, instead requiring users to send funds to an externally owned account, raising concerns about potential exit scams and the safety of personal information provided during the signup process.