Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Blast ecosystem experienced the first rug pull event as RiskOnBlast, a gambling and exchange platform, disappeared with over 420 ether raised from retail traders.
RiskOnBlast’s anonymous team sent nearly $500,000 to ChangeNow, $360,000 to MEXC, and $187,000 to Bybit after raising over $1 million from investors.A rug pull is a type of exit scam that involves a team raising money from investors and the public by selling a token only to quietly shut down shortly afterward.
But all of its social media accounts were scraped on Sunday. The team itself was anonymous. Onchain researcher @somaxbt said the apparent stolen funds came from over 750 wallets. Nearly $500,000 worth was later sent to the swapping service ChangeNow, $360,000 to crypto exchange MEXC, and $187,000 to Bybit.about the project on its official X handle, terming its potential as “undeniable.
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