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
Vee.Finance DeFi protocol hacked for $35 million
Just a week after its launch, the Vee.Finance landing platform based on the Avalanche blockchain lost $35 million as a result of a hacker attack.
Wormhole lost nearly $320 million in hack
The Wormhole cross-chain protocol lost nearly $320 million in a hack. This is one of the largest hacks in the history of decentralized finance (DeFi).
