Scam Alert: Ordinals Finance (OFI) Rugpulls Its Users, Price Falls 95%

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It promises cutting back on the drudgery of transactions by eliminating middlemen. While Ordinals Finance was not yet a prominent DeFi protocol, some were optimistic that its technology could help it chart positive growth in the near future.at $0.00009178. The token notably recorded its ATH about 20 days ago, a growth trend that now implies that a price pump was engineered in order to make the exit scam a grand one.

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Ordinals Finance has conducted a $1M rug pull: CertiKIn an April 24 press release, CertiK reported that the Ordinals Finance developer pulled roughly 269 million OFI tokens out of the protocol's smart contracts. According to the blockchain security firm CertiK, the total loss to investors is $1 million. coingecko data shows that the market cap for OFI was $2.3 million before the alleged exit, but it fell to slightly over $143,000 afterward.
Source: Cointelegraph - 🏆 562. / 51 Read more »