Luna Yield promised investors high returns, and then its management disappeared with users' money.
The Luna Yield team is suspected of stealing $8 million from its investors.
The official project website and social media accounts have been deleted. SolPad, the initial digital offering (IDO) platform that hosted Luna Yield, said the team behind Luna Yield withdrew all liquidity and transferred funds to Tornado Cash, a smart contract-based mixer.
SolPad promises to return 60% of lost funds to Luna Yield IDO participants. The money will be taken from the SolPad Foundation. Compensation will be directly transferred to the wallets of IDO participants.
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