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Ongoing Minting and Dumping: RusGas (RGS) Allegedly Scamming Token Holders Ongoing Minting and Dumping: RusGas (RGS) Allegedly Scamming Token Holders

Ongoing Minting and Dumping: RusGas (RGS) Allegedly Scamming Token Holders

On November 28th, 2018, MonitorChain detected a potential scam: RusGas (RGS) is minting billions of tokens, diluting the value of investor’s tokens and driving the price down to nearly nothing.

Ongoing Minting and Dumping: RusGas (RGS) Allegedly Scamming Token Holders

Cover art/illustration via CryptoSlate

On November 28th, 2018, MonitorChain detected a potential scam: RusGas (RGS) is minting billions of tokens, diluting the value of investor’s tokens and driving the price down to nearly nothing.

RusGas is a project using blockchain to “transform the gas industry.” According to ICO Bench, the company raised $2.2 million during its ICO.

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