zkSync Era’s Kannagi Finance rug pulls and steal $2.13m
Kannagi Finance, a decentralized yield aggregator, has rug pulled with an estimated $2.13 million of investor funds. According to the blockchain security company, Peckshield, Kannagi Finance erased its digital footprint after bolting with more than $2 million worth of investors’ funds. Its official website, along with social media and communication channels, are offline. #PeckShieldAlert #rugpull @zachxbt has reported that @Kannagi_Zksync on #zkSync has rugged for over ~$1M. @Kannagi_Zksync already deleted its social accounts/groups. The scammer's address: 0x95ec03b821f164ce55cbb26f23f591a9bd40d6c1 pic.twitter.com/5FdyO94XZs — PeckShieldAlert (@PeckShieldAlert) July 29, 2023 A rug pull refers to a form of scam where developers of a cryptocurrency project unexpectedly pulls liquidity from a pool, leading to sharp losses. German blockchain security firm, SolidProof, audited Kannagi’s smart contract. However, it has clarified that it did not conduct an audit for Vault c...