2023-04-25
According to a report from Certik, Ordinals Finance has shut down its Twitter account after allegedly being involved in a "Rug pull" in users’ money of $1 million USD.
Ordinals
Finance, a decentralized finance (DeFi) protocol on Ethereum, has been accused
of "rug pull" scamming its users out of approximately $1 million USD.
In a
statement released on April 24th, blockchain security firm CertiK reported that
the protocol's developers pulled 256 million OFI tokens from smart contracts
using the "safuToken" function, and another 13 million OFI tokens were
removed through the "ownerRewithdraw" function, bringing the total
number of tokens withdrawn to 269 million.
Ref: CertiK Alert on Twitter: "#CertiKSkynetAlert 🚨
The entire
loss for investors is estimated to be $1 million USD, according to CoinGecko
data, with OFI's market value dropping from $2.3 million to just under $143,000
after the rug pull. However, it's possible that some OFI token holders may have
sold their tokens before the news broke, potentially for a lower amount than
reported by CertiK.
Meanwhile, it appears that Ordinals Finance's Twitter account has also been deleted.
