Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

“We deny the accusations that the team rugged users. A compromised key does not equate to a rugpull, as much as the episode may raise doubts among the public,” said Defrost Finance.

It also alleged the developers behind Defrost Finance were the same as those of Pheonix Finance which was exploited for $7.6 million in May 2021 in what some have also speculated was an “inside job.”Defrost said it regrets being unable to share more details about the attack, as its priority has been helping users retrieve their funds.

"There are several issues that we would like to address in recent reports concerning Defrost Finance. We regret we cannot get deep enough into some details — but surely the community will understand this is a sensitive matter and our priority must be to help our users retrieve their funds. All other concerns are secondary to this,” it said.

“At this point, it’s not conducive to moving forward to continue allow [sic] the public chats to operate like the Wild Wild West. Will be implementing stricter protocols.”On Dec. 26, Defrost announced on Twitter it had managed to recover all the funds taken in the V1 hack, sharing in aThe Ethereum wallet controlled by Defrost that is being used to facilitate the return of funds currently

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That’s just what a rugger would say..

You can earn up to 100%-500% daily returns from spot and futures trading with our daily profitable signals. Want to join our free Telegram channel, click on the link

The bitcoin bears remain in full control & the new lower low has come, Time to put on the buying hats as always and accumulate the support levels below for long term Following Btc_06y I have been doing superb with her exceptional TA & tips about Btc & Eth Follow her

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Defrost Finance Drained for $12M - Flash Loan Attack or Rug Pull?The Defrost team said that it is willing to negotiate with the perpetrators, but there're rumors of a rug pull.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Here's how Defrost Finance plans to refund users following $12M hackThe Defrost team announced that the funds will be converted into stablecoins before being returned to their rightful owners before the exploit. The best time to invest is now!!! Don't wait for tomorrow. As a busy person, investing and getting my returns is all I ever wanted while working a 9-5. My experience with Crypt0RichardM so far has changed my trading the next level. If you aren't following him, you should be. The overview on Bitcoin is that we're in a sideways market and can continue to trade between $18.8K-$15.8K before a breakout. Y’all follow Crypt0RichardM He's a super underrated Bitcoiner who have been following his tweets and tip closely Follow him!! The Wagmi Token 🟢 Total 99M Supply 🔃 All Tokens in circulation 🕶️ No Team Tokens 🔏 Liquidity locked 💎Continuously decreasing supply 🔥Full 15.2M Wagmi have been burned so far. It hasn't been a week yet Details are on our Telegram channel 👇
Source: Cointelegraph - 🏆 562. / 51 Read more »

Defrost Finance Says Hacked Funds Have Been ReturnedDeFi protocol Defrost_Finance said funds from last week's hack, which some observers suggested may have been a rug pull, have been returned. sheldonreback reports. Defrost_Finance sheldonreback oooitscrime
Source: CoinDesk - 🏆 291. / 63 Read more »

Defrost Finance Recovers Stolen Funds, Will Repay CustomersThe team announced that its users are getting refunded.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bahrain's Q3 GDP increases to 4.2% YoY - finance ministryBahrain's Q3 real GDP has increased to 4.2 percent year-on-year, its finance ministry said in a statement on its Twitter account on Monday. Next time Reuters do some effort and find a picture that represents Bahrain.. banyak anak banyak rejeki. Leave it to an Indian to get shit done
Source: Reuters - 🏆 2. / 97 Read more »