ESPORTS dev office nearly empty after 93% crash, rug pull fears grow

Blockchain media outlet Digital Asset reported that it found the office of Yuldo Games (ESPORTS) developer Catze Labs nearly deserted on May 26 and 27, following a 93% crash in the token's price. According to the exclusive report, only one employee was present in the darkened office the day after the crash. The CEO of Catze Labs claimed by phone that the company was merely the developer and was "unrelated to this crash," adding that Yuldo has a separate CEO. However, when asked about a potential insider sell-off, the CEO stated, "It was not the team's intention, and we are investigating the matter," a comment that appeared to contradict the earlier claim of non-involvement. CoinNess previously reported, citing on-chain analyst ZachXBT, that the entity behind the ESPORTS dump showed signs of having participated in past price manipulation, suggesting a possible rug pull. Suspicions continue to spread as the Yuldo team has not released any investigation results two days after the incident. Typically, projects explain the cause of such a collapse within hours and publish a third-party audit within days.