Botting Scandal Forces FLOKI INU to Scrap Second Simon’s Cat Presale
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Floki Inu, known as the “people’s cryptocurrency,” announced today that it had canceled the highly anticipated Simon’s Cat presale due to aggressive attempts by bad actors to game the system.
The presale, which had initially sold out well before its public launch, was marred by fraudulent activity that disrupted the fair participation of legitimate users.
The Floki core team has announced that it will compensate users affected by the Simon’s Cat presale issues by airdropping $CAT tokens to all Champion tier users.
IMPORTANT UPDATE ABOUT THE SIMON'S CAT PRESALE
Dear Vikings!
First of all, we would like to sincerely apologize for the rollercoaster that the Simon's Cat presale has been!
After extensively reviewing data on how AGGRESSIVELY some bad actors tried to game and bot this presale,… pic.twitter.com/p9Wclkfrix
According to the announcement on X, the Floki team apologized to the community for the “rollercoaster” of events surrounding the presale and outlined their decision to compensate affected users.
The presale, which aimed to raise $4.25 million, was initially an overwhelming success, selling out 12 hours ahead of schedule.
However, Floki discovered that some participants used bots to gain an unfair advantage, preventing legitimate users—many of whom had bought and staked $TOKEN weeks in advance—from participating.
In response, Floki revoked the $223,815.20 worth of purchases made by these bad actors and attempted a second presale exclusively for TokenFi Champion tier users, who had been negatively impacted.
Unfortunately, the
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