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<p class="is-style-lead">OPSEC, fell by over 78% on Oct. 31 after the AI-powered cloud security platform failed to deliver its OPSEC V2 update scheduled for October.&nbsp;</p> 
<p>At press time, <a href="https://www.coingecko.com/en/coins/opsec" target="_blank" rel="nofollow">OPSEC</a> was exchanging hands at $0.005141 as the price continued to tumble reaching levels last seen in January.</p> 
<p>OPSEC’s downfall began as accusations of the <a href="https://crypto.news/basebros-defi-project-enacts-rug-pull-steals-over-130k/" target="_blank">project being a rug pull</a> circulated on X after it could not launch a major update “OPSEC V2” which aimed to enhance security features, eliminate transaction taxes, and position the project for mass adoption through strategic partnerships and technological advancements.</p> 
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   <p lang="en" dir="ltr">Everyone remember when they were set to release <a href="https://twitter.com/search?q=%24OPSEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$OPSEC</a> V2 this month?!?! We got Rugged. <a href="https://twitter.com/OpSecCloud?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@OpSecCloud</a> <a href="https://twitter.com/ZssBecker?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ZssBecker</a> <a href="https://twitter.com/hashtag/opsec?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#opsec</a> <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#cryptocurrency</a></p>— crypto yote (@blockchainboob) <a href="https://twitter.com/blockchainboob/status/1852173552503460185?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 1, 2024</a>
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<p>OPSEC V2 was developed in response to a <a href="https://crypto.news/opsecs-devastating-88-plunge-hacked-or-rug-pull/" target="_blank">security breach </a>in July 2024. On July 10, 2024, the OPSEC team reported a security incident involving attackers compromising their staking contract, leading to significant losses.</p> 
<p>To address this, the project initiated a migration to a new contract address, resulting in the creation of OPSEC V2. Users were instructed to send their existing OPSEC tokens to a specified recovery address to be eligible to receive the new V2 tokens while promising some forthcoming partnerships and centralized exchange listings.</p> 
<p>As of the project’s last update, the V2 was set to launch by Oct. 31.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/sports-better-taylor-mathis-faces-crypto-rug-pull-allegations/"> Sports bettor Taylor Mathis faces crypto rug pull allegations </a> </p> 
<p>Community members at X have <a href="https://x.com/AiAccess192093/status/1852106997304361149" target="_blank" rel="nofollow">called out </a>the project for not providing the details of the CEX listings and partnerships it has been promising for the last 3 months ever since the July security breach.</p> 
<p>Disgruntled users even took to <a href="https://x.com/DogaEtherOzcan/status/1852264445168218576" target="_blank" rel="nofollow">confronting</a> the project’s CEO Chris Williams only to be met with a dismissive response as he distanced himself from direct responsibility, claiming he was not a developer and was also waiting for the relaunch alongside other investors.</p> 
<p>As allegations of a rug pull intensified among community members, some frustrated users have even encouraged others to dump the token after V2 launches. See below.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24OPSEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$OPSEC</a> is still october stay tuned! <br><br>is true though is 32nd of October right now lmao! <br><br>yo remember when i tell u guys to wake up in april? <br><br>u didnt wanna listen? make sure u dump this shit to 0 IF it relaunches lol.</p>— K (@Kaigalore888) <a href="https://twitter.com/Kaigalore888/status/1852153675453518234?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 1, 2024</a>
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<p>This is the second time that the OPSEC token suffered a major crash this year. Following the July hack, OPSEC fell over 88%.</p> 
<p>On-chain investigator ZachXBT has also previously <a href="https://x.com/raidmach1ne/status/1811121760374272088" target="_blank" rel="nofollow">criticized</a> the project, accusing OpSec of making misleading claims about its infrastructure.</p> 
<p>OPSEC’s market capitalization stood a little over $450,000 upon writing, while its trading volume was up 1,454.30% as intense panic selling seems to have ensued among token holders. The altcoin is down over 99% from its all-time high of $3.11 reached in April 2024.</p> 
<p> Read more: <a rel="" href="https://crypto.news/basebros-defi-project-enacts-rug-pull-steals-over-130k/"> BaseBros DeFi project enacts rug pull, steals over $130k </a> </p>

OPSEC crashes over 78% after devs fail to deliver OPSEC V2 upgrade

crypto.news

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