Crypto Project Says Dev Team Was Drafted Into Iranian Military — Then Disappears

Montra Finance, a crypto project on the Base blockchain marketed as a "Web4 autonomous AI trading token," suddenly announced on March 4th that its entire development team had been conscripted into military service in Iran, forcing the project's abandonment. Within hours, the project's social media, website, and Telegram channels disappeared, and the MONTRA token plummeted by approximately 97%, wiping out most retail investor holdings after reaching a trading peak of $871,000. Community members quickly labeled the incident a "creative rug pull," noting the lack of standard shutdown procedures like burning tokens or locking liquidity. On-chain analysis suggested insiders may have exited before the crash, as top profit-and-loss wallets had already sold, while new liquidity was injected shortly before the collapse, reinforcing skepticism about the geopolitical excuse.

(Source：CCN)