AI company Montra Finance claims that the entire team behind its recently launched MONTRA token was drafted to take part in the war between the US and Israel, and as a result was forced to abandon the project.
The company made the announcement via X on Wednesday, and the account has since been deleted. The Montra Finance website now displays a 404 error page.
Since then, MONTRA’s market cap has fallen 80%, from $100,000 to around $20,000, with the project’s volume in the past six hours being just $1,200.
Montra touted “autonomous quantitative trading on Base” and launched its token on February 25th. By the next day, it had reached a market cap of $700,000, but its performance since then has been poor.
All of these things make many people think that this project is Nothing but a creative lag pull or exit scam.
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One crypto user said, “I can’t decide which is a better excuse: this or the developer who died, came back to life, and then died again 🤣.”
Another pointed out that the website was “vibecoded” using the Loveable AI coding website. “What do you expect? LOL,” they added.
A potential investor said a few days ago that Montra Finance’s site doesn’t allow him to connect to his wallet and that he “needs more verification before investing…so far it’s sketchy.”
The Montra team appears to be taking advantage of the ongoing war between the United States and Israel against Iran, which is now in its sixth day.
The dispute led to a surge in capital outflows from Novitex, Iran’s largest cryptocurrency exchange, and a spate of bets on prediction platform Polymarket, raising red flags of insider trading.
