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

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“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

 

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That’s just what a rugger would say..

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