Kokomo Finance Steals $1.5 Million of Users' Funds Doing Contract Trick: Scam Alert

📆 02.04.2023 15:30:00
📰 Utoday_en

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

.KokomoFinance steals funds of thousands of users in a massive $5.5 million rug

In the case of Kokomo Finance, the malicious developers modified the implementation contract and managed to rug $1.5 million on March 31.

A total of 28 BTC were bridged to the 0xf650 address on Binance Smart Chain , and 22 BTC were transferred to the 0xf650 address on Arbitrum. The total rug amount now stands at a concerning $5.5 million. The Kokomo Finance incident serves as a stark reminder of the risks associated with investing in DeFi projects. While the decentralized nature of these platforms offers numerous benefits, it also leaves them vulnerable to attacks from bad actors.

Написать комментарий

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

USDA invests $15 million to finance meat processors in AlabamaAshton Cottingham didn't choose to be a farmer. He was born into this life.
Источник: mynbc15 - 🏆 262. / 63 Прочитайте больше »

European DeFi startups saw a 120% increase in VC funding in 2022: Finance RedefinedDeFi VC investment rose by over 120% in 2022, while the Euler Finance hacker has returned most of the stolen funds. Read more DeFi highlights from the past week in our weekly newsletter.
Источник: Cointelegraph - 🏆 562. / 51 Прочитайте больше »