The CertiK security audit series reported the DeFi exit scam of the Arbix Finance project.
The founders of the yield farming platform, using the built-in protocol function, issued $10 million worth of ARBX coins.
They transferred tokens to 8 addresses and then exchanged them for ETH through the AnySwap platform. Next, the money was passed through the Tornado.cash mixer.
Against the background of the news, the ARBX token lost 60% of its price.
At the same time, the audit of the Arbix Finance project was carried out by CertiK Security Leaderboard, and did not find any protocol vulnerabilities. The company has not yet commented on this fact.
Chainanalysis noted in a report last year that 37% of all crypto hacker income came from exit scams.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Startup Maps.me raised $50 million to create a DeFi system
The funds raised will be used to develop and launch a crypto wallet built into the application with the function of profitable farming.
Wrapped XRP (wXRP) is now available on SushiSwap
XRP holders can now use their asset to participate in DeFi activities.
