August 13, 2022
Martin Shkreil, infamously known as “Pharma Bro,” launched his digital currency Martin Shkreli Inu earlier this year.
The token’s value dropped 95% on Friday as it became quite obvious that it was an exit scam.
However, the crypto community was not surprised by the event given Martin Shkreil’s reputation.
Shkreli is known for acquiring the rights to life saving drug Daraprim and raising its price by 5,000%.
Shkreli, also a convicted felon, was released from prison in May this year.
Dogecoin founder Billy Markus also commented sarcastically on the news of this exit scam, saying “this is the most shocking thing since squid game token.”
Commenting on the token’s price, Shkreli noted that he got hacked.