Crypto Protocol ‘Some’ Accused of $3.6M Scam: What Investors Need to Know (September 2025)

• What Happened with the "Some" Protocol?
• Red Flags Investors Missed
• How the Scam Unfolded: A Timeline
• Could This Have Been Avoided?
• What’s Next for Victims?
• FAQ: Your Burning Questions Answered

The crypto world is buzzing after the "Some" protocol allegedly vanished with $3.6 million in investor funds. Accusations of a rug pull are flying, leaving traders scrambling. This article dives into the timeline, red flags, and expert takes on whether this was a deliberate scam or a failed project. Spoiler: it’s not looking good for "Some."

What Happened with the "Some" Protocol?

On September 25, 2025, the "Some" crypto protocol—a DeFi project promising "risk-free yield"—abruptly disabled withdrawals. Within hours, its social media accounts went dark, and $3.6 million in user funds vanished from its smart contracts. Blockchain sleuths traced the funds to mixed wallets, a classic exit scam move. CoinMarketCap data shows the project’s token (SOME) plummeting 98% in 24 hours, now trading at fractions of a cent.

Red Flags Investors Missed

Looking back, the signs were there. The team used pseudonyms ("DevX," "AlphaLeak"), the whitepaper was vague on tokenomics, and audits were "coming soon" for months. "In my experience, anonymous teams delaying audits is like a chef refusing health inspections," noted a BTCC analyst. The protocol also relied on unsustainable APYs (over 1,000% initially), a common lure in Ponzi schemes.

How the Scam Unfolded: A Timeline

"Some" launches with influencer hype, touting partnerships that never materialized.
Withdrawals slow, blamed on "congestion." Sound familiar?
Last Discord message: "Upgrades in progress."
Poof. Funds gone, website offline.

Could This Have Been Avoided?

Maybe. TradingView charts showed unusual whale activity days before the collapse—large SOME dumps by wallets linked to the team. "Retail investors often ignore on-chain data," laments a crypto investigator. Platforms like BTCC now flag unaudited projects, but many still chase quick gains.

What’s Next for Victims?

Recovery odds are slim. Unlike centralized exchanges, DeFi scams rarely refund users. Law enforcement is investigating, but cross-border jurisdiction complicates things. Some victims are pooling resources for a lawsuit, though tracing pseudonymous founders is like finding a needle in a haystack.

FAQ: Your Burning Questions Answered

Is my money gone forever?

Unfortunately, yes—unless the team resurfaces (unlikely). Always invest only what you can afford to lose in unaudited projects.

How do I spot scams early?

Check for: anonymous teams, copy-paste whitepapers, and APYs that defy math. If it sounds too good to be true, it probably is.

Are other protocols at risk?

Always. DYOR (Do Your Own Research). Stick to audited projects on reputable exchanges like BTCC.