At the time of writing, the token was trading at $0.0094, marking a 27% fall within the last 24 hours. The ecosystem also comprises a Chain Explorer for enhanced transparency and security, a Decentralized Exchange (DEX), and an NFT Marketplace for digital asset trading.
However, the community’s confidence was shaken when several SPCT token holders reported on social media platform X that the official Telegram channel of Spectra Chain had been abruptly closed. The user found apparent connections between the founders of Spectra Chain and those involved in VC Spectra, a project previously identified as a rug pull.
He went on to suggest that the project might soon face a collapse, particularly if the team’s promised transparency or “team dox” is proven to be deceptive or indefinitely delayed. Per a Dec. Gugliotti mentioned, “After an interaction with someone claiming to be the accounts manager, a client of mine found their account suspended and all forms of communication cut off.
We have since reported this as a fraud to agencies including the FBI, FTC, and SEC.”
This situation is not isolated within the crypto industry.