$3M value of buyer funds swiped by way of alleged Swaprum DEX rug pull

Arbitrum-based decentralized change (DEX) Swaprum has allegedly performed a rug-pull on its customers, with $3 million value of buyer deposits being swiped from the platform.

A rug-pull or exit rip-off happens when a seemingly reputable mission ropes in a certain quantity of funding or person deposits earlier than promptly shutting all the things down, pulling the capital and vanishing off into the gap — in the event that they don’t adequately cowl their tracks, after all.

Proceed Studying on Coin Telegraph