Scroll Ecosystem Stablecoin Project Essence Finance Suspected of Rug Pull

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Cointime2024/10/26 05:13

By:Cointime

On October 26th, according to WuBlockchain, the stablecoin project Essence Finance within the Scroll ecosystem is suspected of a Rug Pull. Its stablecoin CHI has dropped over 92% in the past 24 hours to $0.077, and over $20 million in collateral is suspected to have been removed. The last tweet was posted on September 11th. The project's audit report comes from FEI Protocol V2.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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