CertiK-audited DeFi TitanoFinance is rugged, $1.9 million lost: PeckShieldAlert $TITANO rugpull
A total of 4,828 Binance Coins , or $1.9 million, were transferred from The PrizeStrategy contract, i.e., the key instrument of its liquidity ecosystem.
In almost no time, the price of TITANO lost 80%: in less than 20 minutes, TITANO/USDT rates plummeted from $0.16 to $0,03. By press time, TITANO managed to surge to $0.12. Titano Finance aggressively promoted itself as"The Best Auto-Staking & Auto-Compounding Protocol in Crypto." It offered eye-watering APY of 103,000% to its clients.Surprisingly, some Twitter users are denying the fact that the team of Titano Finance rugpulled their customers. Numerous accounts are tweeting that the protocol fell victim to a third-party attack.
As per their statements, the account behind the exploit was involved in attacks on Arbix DeFi and Bunny Finance protocol, and even on centralized services BitMart and AscenDEX.
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