Analyst AB Kuai.Dong has raised concerns about potential fraudulent activity surrounding the Hello 402 project on X LAYER . The team reportedly received $300,000 in development funding but allegedly diverted some of the funds to liquidity purposes, causing the price to plummet.
Community investigators discovered suspicious contract permissions that allowed for the unlimited minting of tokens—a classic warning sign of exit scams. The project has disabled social media comments and is directing scrutiny towards its host blockchain.
