$4M 'exit scam' suspected as Kokomo Finance flies off radar, token plunges

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$4M 'exit scam' suspected as Kokomo Finance flies off radar, token plunges
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A newly-launched lending protocol, Kokomo Finance has allegedly rug-pulled its users to the tune of $4 million just two days after going live on Optimism.

The attacker then called another command to swap the So-WBTC to the 0x5a2d address, which produced a $4 million profit, according to the security firm.Optimistic Etherscan

A CertiK spokesperson told Cointelegraph that it was the largest"incident" that they’ve detected on Optimism. Kokomo Finance is an open-source and non-custodial lending protocol on Optimism, where investors could trade for wBTC, Ether

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