The pre-airdrop offer (IAO) of the Xirtam token, which is expected to take place on the decentralized exchange AlienFi in the Arbitrum (ARB) ecosystem, has been cancelled.
Although it is not clear who is responsible for the cancellation of the airdrop offer, AlienFi made a statement on its Twitter account and explained the reason for the cancellation to the investors.
#Xirtam IAO is canceled they have manipulated Alien and Fjord users by hiding a seed sale sold 3x+ below the Fjord price. When they realized they couldn’t hold up to the deal with alien giving us a lower price they decided to cancel. pic.twitter.com/xNH7sWHKsN
— Alien.Fi 👽 (@alienficoin) April 26, 2023
According to the post, some malicious people tried to pre-sell investors at more than 3 times the current price, without the knowledge of Xirtam developers. After the incident came to light, Xirtam and AlienFi officials decided to cancel the IAO offer.
Xirtam announced in a post shared on April 20 that it agreed with Fjord Foundry and AlienFi for the airdrop. The pre-sale on Fjord was two-part and closed, while the planned IAO on AlienFi was allowed for all crypto investors to attend.
The airdrop on AlienFi was cancelled, while Fjord Foundry's IAO bid took place between April 23 and 26. According to the data, the total volume of the pre-sale was approximately 4 billion.
