Largest Exit Scam on Arbitrum: Hope Finance Drained for $2M
Decentralized finance (DeFi) protocol Hope Finance suffered a $2 million exploit on February 20th.
Looks like they are blaming Arbitrum.
RugDocs is pretty good for at least minimal due diligence. Just look at Hope Finance.
Defrost Finance Drained for $12M – Flash Loan Attack or Rug Pull?
mmm...
However, Defrost seems to have a happy ending.
Interesting that the power of crypto forensics is higher than protocol codes.
Another list of scams coming up!
Blockchain Security Firm PeckShield Uncovers New Crypto Scam That Pretends To Be Affiliated With ChatGPT
This isn't about either laughing or crying, it's about having the brains to do a minimal DD before losing money oneself.
one token did +13,000% in one week - that's one way to get rich.