On September 16th, dexter, founder of Whales Market and gm.ai, posted a statement on X saying that gm.ai had experienced a series of management mishaps, errors (and unfortunate timing), and most importantly, poor team communication. "We are taking responsibility and are committed to providing investors with a complete path forward," he stated.

dexter claims that the team has sold almost no team tokens from previous projects. For gm.ai, the team or founders have not cashed out or engaged in any "exit scams" with presale funds, aside from those used for project development. To better address the issue, the team plans to move the remaining presale funds to a public wallet at some point when the compensation process begins. The team will share full details this Friday.