2 years ago
Ordinals Finance has carried retired an exit scam resulting successful the theft of $1 million, blockchain information steadfast CertiK said April 24.
The project’s deployer code has emptied Ordinals Finance’s astute contracts, swapped the project’s token (OFI) for Ethereum (ETH), and consolidated funds successful 1 account. The task has besides deleted its website and each societal media.
Ordinals Finance claimed it would physique a protocol for processing decentralized concern (DeFi) applications connected Bitcoin. It supposedly aimed to present applications for lending, borrowing, staking, farming, and swapping connected Bitcoin’s Ordinals protocol.
The task utilized Ethereum to make its autochthonal OFI token contempt its claims that it would yet leverage the Bitcoin blockchain.
The terms of the OFI token is down 94% implicit the past hour.
Ordinals Finance is not officially associated with Bitcoin Ordinals, which remains progressive and is utilized to mint collectible items via on-chain inscriptions.
The station Ordinals Finance carries retired $1M exit scam appeared archetypal connected CryptoSlate.
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