A report about a suspected investment scam involving the Lightchain AI (LCAI) project has been submitted. The project is associated with the website lightchain.ai and the token contract address 0x9ca8530ca349c966fe9ef903df17a75b8a778927. An investor reported losing $2,700 after purchasing tokens during its presale.

Concerns were raised about the project’s lack of transparency. The team remains anonymous, and no information about developers, advisors, or partners has been disclosed. Additionally, no clear roadmap or product demonstration is available to the public.

An alarming observation was the extreme centralization of token ownership, with over 95% of tokens controlled by two wallets. The deployer wallet alone holds 60%, while another has 35%, creating the risk of potential manipulation or a rug pull. This centralization is evident in the analysis of Etherscan Token Holders.

Efforts to question the team about transparency and token decentralization were resisted. After raising these concerns, the individual reporting the scam was banned from the project’s Telegram group and blocked on X (formerly Twitter). The project’s marketing heavily relies on speculative claims, including promises of significant returns and upcoming listings on major exchanges like Binance, but no evidence supports these statements.

The website lacks meaningful details about the team, partnerships, or plans, further raising doubts about the project’s legitimacy. These behaviors, including silencing critics, align with tactics often used in fraudulent schemes to suppress dissent and maintain a false sense of trust.

This report serves as a warning to others in the community. The combination of anonymity, token centralization, and censorship raises serious concerns about Lightchain AI. Exercise caution and conduct thorough research before engaging with this project.

Stay vigilant and protect yourself from scams. If you have additional information or were affected, please share your experience in the comments.