Cysic is under fire following allegations of manipulating its Token Generation Event (TGE) and inflating financial data. Key opinion leaders Morsy and Crypto_Painter claim that Cysic controlled 12-20% of CS tokens through newly created wallets, channeling these assets to major exchanges. This alleged manipulation reportedly disadvantaged pre-sale contributors, leaving them without expected rewards. Further scrutiny reveals that Cysic may have exaggerated its financial health, claiming $6 million in annual revenue while actually incurring losses of $3.8 million. Founders are accused of withdrawing $2.78 million in 2024 and $1.67 million in 2025, coinciding with significant inflows and listing events. These revelations have sparked industry-wide criticism and raised questions about the safety of listing such projects on exchanges like KuCoin.