Earlier rug pull survivor and nameless blockchain sleuth ZachXBT shared an alert on Nov. 14 of a potential exit rip-off for Lendora Protocol, a decentralized lending platform on Scroll.
As a part of the warning, ZachXBT urges customers to withdraw their belongings from the protocol instantly.
A glance into Lendora
The investigation revealed that roughly $83,000 obtained by the Lendora Crew multisig is linked to the Kokomo exit rip-off, elevating suspicions concerning the legitimacy of the undertaking. On the similar time, different customers of the Lendora Protocol had been discovered to have connections to each the Kokomo and Bass Trade exit scams.
Moreover, it has been found that the identical bottom-tier safety agency, Important Block, was employed for each the Lendora Magnate rip-off and their earlier undertaking, Magnate. This group, chargeable for numerous scams, together with Solfire, Hash DAO, Kokomo, Snowflake and extra, has collected over $16.2 million in complete from these illicit actions.
A follow-up publish issued later within the day exhibits that the web site concerned within the alleged rip-off was since taken offline, with all of its associated contracts being paused.
Going offline
Sadly, this isn’t the one exit rip-off that has been on the crypto neighborhood’s radar.
In a report issued on Nov. 1, blockchain evaluation agency CertiK disclosed that the crypto market witnessed a lack of over $32.2 million in person funds throughout October, attributing the incidents to numerous causes, together with vulnerabilities, exit scams, and manipulations involving flash loans.
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