According to the monitoring by the CertiK security team, the LV PLUS (token LVP) project has been confirmed as a runaway project. The project lost about $1.5 million to the rug pull attack.
LV PLUS claims to be part of the “LV Metaverse (Twitter account @LV__Metaverse)”. The project has yet to publicly acknowledge the attack on any social platform, but continues to publish regular announcements about the coin’s transactions.
The LVP token has nothing to do with the Louis Vuitton brand, and the 18.7% excise tax and highly centralized mechanism suggest the project is a scam.
CertiK hereby reminds everyone that investment needs to be cautious. Please try to choose projects that have been audited by regular auditing companies and have done background investigation and verification to better control risks.