Scroll Ecosystem Stablecoin Project Essence Finance Suspected of Rug Pull
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.
You may also like
FIFA, Mythical Games collaborate to launch blockchain game FIFA Rivals
Tassat and Veuu partner to offer blockchain-based health insurance payment service
Michael Saylor: MicroStrategy's Bitcoin revenue reached $5.4 billion in the past two weeks
Indian billionaire Adani summoned by US SEC to explain position on bribery case
Trending news
MoreCrypto prices
More
