Blur Finance allegedly rug pulled, investors at a combined $600K loss

Yield aggregator level Blur Finance has allegedly been rug pulled arsenic implicit $600,000 worthy of tokens was withdrawn wrong minutes.

Security steadfast PeckShield tweeted connected August 10 that Blur Finance developers person taken retired implicit $600,000 from its Polygon and BNB Chain contracts.

#PeckShieldAlert #rugpull Seems Blur Finance $BLR rugged. $BLR ha

s dropped -99%. https://t.co/phmi0OPIbphttps://t.co/qk5c0UF6fY
The societal media transmission deleted and ～$600k were taken connected polygon and BNBChain.
Thanks @Adam0658 for the intel. pic.twitter.com/e1oHDKkDVa

— PeckShieldAlert (@PeckShieldAlert) August 10, 2022

The BLR token was trading astatine $0.00064 arsenic of property clip — down 99% from its highest of $0.06 lone astir 24 hours ago.

Blur Finance launched connected BNB Chain connected July 7 and had gained 733 holders earlier the rug pull. At the moment, each its societal media channels person been deleted.

Same exemplary for caller rug pulls

Two days ago, PeckShield flagged an alleged rug propulsion of over $1 million by Dragoma developers. $420,000 USDT and 880,000 MATIC reportedly vanished from the polygon contract.

Similarly, connected July 25, Teddy Doge developers made distant with $4.5 cardinal successful a brushed rug pull. According to the report, 30 cardinal TEDDY tokens were swapped for BNB and BUSD and past cashed retired done the Binance exchange.

In each lawsuit of the rug pull, the task developers would marketplace aggressively and connection precocious instrumentality promises. Investors who instrumentality the bait are often near with unexpected losses.

The station Blur Finance allegedly rug pulled, investors astatine a combined $600K loss appeared archetypal connected CryptoSlate.