Blast's First Rug Pull Incident: Gaming Project RiskOnBlast Pulls Funds, Deletes Social Accounts
Blast still retains the tweet introducing RiskOnBlast, stating that it has undeniable potential.
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Blast Welcomes First Rug Pull Event
According to data compiled by the crypto community SomaXBT, the gaming project RiskOnBlast on Blast raised over $1 million in seed funding and was one of the incentives for participants in the Blast Big Bang competition.
However, after raising over 420 ETH, approximately $1.3 million, from retail investors, RiskOnBlast has disappeared and transferred the funds to major exchanges:
$500,000 transferred to ChangeNow
$360,000 transferred to MEXC
$187,000 transferred to Bybit.
All social media accounts of RiskOnBlast have been deleted.
Blast Controversy Summary | Paradigm, while not in agreement, supports team independence
1.@Riskonblast rugged 420 ETH worth $1.25 million from 750+ victims.
Scammers lent $497k through @ChangeNOW_io , $360k through @MEXC_Official and $187k through @Bybit_Official exchange
contract on L1
0x25f8C342E430C85829Ef5021C0720f0c60969840. 🧵 pic.twitter.com/XK2w2gTo8X— SomaXBT (@somaxbt) February 25, 2024
Blast Previously Praised RiskOnBlast: Extraordinary Potential
Blast still retains the tweet introducing RiskOnBlast, calling it undeniably promising.
Although Blast is not directly involved in blockchain projects, this may be seen as a form of security endorsement by investors.
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