Recently, a group of scammers who implemented rug pulls through various DeFi protocols has been exposed. The affected protocols include Magnate, Kokomo, Solfire, and Lendora, impacting networks such as Ethereum, Solana, and Avalanche. The total losses exceed $20 million. These scammers typically increase the Total Value Locked (TVL) first to attract investors to deposit funds, and then suddenly withdraw, causing significant losses.
ZachXBT: Multiple Chains Suffer Over $20 Million in Losses Due to Rug Pull Scams
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ZachXBT: Multiple Chains Suffer Over $20 Million in Losses Due to Rug Pull Scams