CertiK’s classification of Crypto Cars as rug pull was incorrect.
The issue was caused by a short online outage of the project’s main site, among other causes.
In a time of market downturns, rumours of crypto bans, and decentralised financing, or DeFi scams, blockchain enthusiasts might be too sensitive to the tiniest anomalies within the projects they follow, and sometimes mistakenly fear the worst. The day before, CertiK, a renowned cybersecurity ranking platform in the blockchain field, published a Twitter warning about CryptoCars, claiming it was a rug pull. However, the post was swiftly erased by the personnel since it was a false alarm.
CertiK originally stated that the website and Telegram for CrytoCars were down, according to a series of Twitter images. Users soon pointed out that the CryptoCars website and Telegram applications were still operational, prompting CertiK to retract the community notice.
According to CryptoCars’ creators, the project’s Telegram conversation would be temporarily disabled “until the conclusion of the Lunar New Year from January 27th to February 7th.” The CryptoCars development team is situated in Vietnam, where the Lunar New Year is celebrated.
Despite the incident, CertiK has contributed significantly to the blockchain community. It issued a verified community alert for Qubit Finance only the day before after the protocol was hacked for $80 million.
CryptoCars, a nonfungible token (NFT) vehicle racing game, debuted in September 2021. CryptoCars is a play-to-earn game that requires users to buy an NFT vehicle produced on the Binance Smart Chain through a blind box built by the creators for 6,600 CCAR or from another user for 490 CCAR. At the time of publishing, the project claimed 721,683 players, 582,666 NFT vehicles, and 248.8 million in-game transactions on its official website. It also has over 124,500 Twitter followers.
