The scam master seems to be back at it again.
After being released from prison in May after being sentenced to seven years for securities fraud, Martin Shkreli dumped a large amount of his own cryptocurrencies.
Druglike was launched by Shkreli despite being banned from the pharmaceutical industry for life. He launched his own coin. The value of a wallet most likely owned by Shkreli dropped by 90 percent after it sold off more than 160 billion token.
When asked what happened and why so much of the currency had been sold, an account believed to be run by Shkreli said he got hacked.
If the reports are correct, what Shkreli did isn't illegal, but it is nasty.
One strategy that can be used in a rug pull scam is to dump a huge stake and leave investors with worthless leftovers. It is immoral but not against the law because it is a soft pull.
Shkreli was called out by the most controversial of them all.
The most shocking thing since the Squid Game token is this one.
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