Optimism Defi Protocol Kokomo Finance RUG attracts users for $ 4 million
The Kokomo Finance, based on optimism, seems to have carried out an exit fraud in which around $ 4 million of user funds were stolen by an intelligent contract gap. Blockchain security company Certik marks the incident on March 26, which drew attention to Crypto Twitter to a drop in prices for the project and the disappearance of its social media accounts. The Kokoma website has also gone offline, with an error page appearing when users try to access it. Kokomo Finance RUG draws users for $ 4 million in Certik announced that the deployer of the Koko Tokens, address 0x41be, had an attack on the smart contract of a packaged Bitcoin token (CBTC). The …

Optimism Defi Protocol Kokomo Finance RUG attracts users for $ 4 million
The Cokomo Finance credit protocol based on optimism seems to have carried out an exit fraud in which around $ 4 million of user money was stolen by an intelligent contract gap.
Blockchain security company Certik marked The incident on March 26, which drew attention to the crypto Twitter to a drop in prices for the project and the disappearance of its social media accounts. The Kokoma website has also gone offline, with an error page appearing when users try to access it.
Kokomo Finance RUG attracts users for $ 4 million
Certik announced that the deployer of the Koko token, address 0x41be, had an attack on the smart contract of a packaged Bitcoin token (CBTC). The attacker then reset the reward speed, stopped the loan function and converted the implementation contract into a malicious one.
Another address, 0x5A2D, approved the malicious CBTC Smart Contract to output the 7010 sun packaged BTC (WBTC).
Since the implementation contract has already been set to the malicious CBTC contract, the attacker is called up to transfer the sun WBTC to the address 0x5c8d.
In the last transaction, the address 0x5c8d exchanged the 7010 Sonne WBTC against 141 WBTC and made a profit of around $ 4 million.
On March 26, 2023, Kokomo Finance carried out an exit fraud and steel ~ $ 4 million in user money.
Details below 👇 https://t.co/bepwfahblz
-Certik-alarm (@Certikalert) 26. March 2023
Koko-Dumps over 95 %
After the Carpet Koko, the native token from Kokoma, crashed by more than $ 95 % from $ 0.00065.
Kokoma Finance has recently been on Open-Source and Unserted Credit Protocol for User for Trading with WBTC, Ether (Eth), Tether (USDT) and USD LIVE COIN (USDC) and DAI.
Almost 24 hours after its start, the platform had a total value of $ 2 million (TVL), mainly in WBTC from defillama. The exit fraud dropped the tvl of the platform to just over $ 64,000.
In the meantime, Kokoma Finance is not the only defi protocol that users have recently moved to the carpet. At the beginning of this month, the developers of the decentralized stock exchange of Arbiswap based on Arbitrum suddenly presented Class = "S1"> removes over $ 130,000 from the project's liquidity pool, which means that the users scratch and count losses.
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