1 year ago
The DeFi protocol appears to person erased its societal media beingness aft quality of the alleged exit scam broke.
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Ordinals Finance, an Ethereum-based decentralized concern (DeFi) protocol that allows users to lend and get inscriptions, has been accused of performing an exit scam, besides known arsenic a "rug pull."
In an April 24 property merchandise seen by Cointelegraph, blockchain information steadfast CertiK reported that the protocol's developer pulled 256 cardinal Ordinals Finance (OFI) tokens retired of its astute contracts utilizing a "safuToken" function. Another 13 cardinal OFI was removed done an "ownerRewithdraw" function, bringing the full fig of tokens withdrawn to 269 million, CertiK stated.
— CertiK Alert (@CertiKAlert) April 24, 2023According to the blockchain information firm, the full nonaccomplishment to investors is $1 million. Coingecko information shows that the marketplace headdress for OFI was $2.3 cardinal earlier the alleged exit, but it fell to somewhat implicit $143,000 afterward. This implies that losses were much than $2 million. However, immoderate OFI token owners whitethorn person sold arsenic the quality broke, which whitethorn relationship for the little magnitude being reported by CertiK.
Blockchain information shows that the Ordinals deployer relationship withdrew over 256 cardinal OFI tokens utilizing the safuToken function. These funds were allegedly sent to a separate Ethereum relationship done aggregate transactions. Blockchain information shows that this code received OFI from aggregate addresses earlier depositing the tokens into Tornado Cash.
The project's Twitter relationship appears to person been deleted.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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