Blockchain media Digital Asset exclusively reported, "To confirm the status of recovery after the 93% crash of Yuldo Games (ESPORTS), we visited the office of Yuldo developer Catze Labs on the 26th and 27th, and confirmed that only a small number of employees were working in the office. In particular, on the 26th, the day after the crash, only one employee was found working in the office." According to Digital Asset, the fluorescent lights were not turned on in the office that day, and only one of the monitors of the executives and employees was on. The CEO of Catze Labs explained over the phone, "We are just the developer of Yuldo and are unrelated to this crash," and "Yuldo has a separate representative." However, regarding the possibility of insider selling of ESPORTS, he stated, "It is not the team's intention, and we are investigating the relevant content," which contradicts his claim of being unrelated to Yuldo and ESPORTS. Previously, Coinness cited an analysis by on-chain analyst ZachXBT, stating that there is evidence that the entity responsible for dumping ESPORTS participated in past market manipulation, and raised the possibility of a rug pull (insider exit scam). Meanwhile, typically when such a drastic price drop occurs, projects explain the cause of the incident within hours and release an analysis report in collaboration with external audit and security firms within a few days. However, even two days after the incident, Yuldo's investigation results have not been released, and suspicions of a rug pull continue to spread for ESPORTS.
