The entire cryptosphere is still in the fucking wild, wild, west phase in more ways than one, and Steem is not much different as can be seen from the recent developments of @magicdice which seems to be in the middle of pulling off the biggest, most severe exit scam on Steem, to date. 

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They deleted their discord server and shut off access to their website, drained quite a lot of STEEM (speculated to be upwards of  500 000 STEEM) out of their account and continue to power down their Steem Power. 

Just like MAGIC — the dev behind what can now be called a complete scam — swiftly packed his bags and left in a matter of seconds, leaving hundreds of users hanging inbetween two interlinked blocks of the STEEM chain. 

What a fucking disaster, don't you agree? 

Not only did they rip off countless Steemians who played the game just in order to stack MAGIC coins to reap the benefits of daily payouts in form of dividends which they offered, but they simultaneously tarnished, yet again, the reputation of our beloved chain of blocks. 

And the worst part about this whole mess is that there is no one to be held accountable and taken to court for fraud because the creators of @magicdice ingeniously stayed completely anonymous. 


For this reason, I'm not trusting any dapp, project, app, interface, or whatever, built on the STEEM which doesn't have its team information clearly and transparently stated on-chain for all to see and review.


<h3>What are your thoughts on @magicdice exit scam?</h3>

Were you involved in magicdice?

How does this ninja move affect you?

Will this make you more cautious of new projects on Steem now?

Let us know your thoughts in the comments down below! 

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