Ordinals Finance has performed a $1M rug pull: CertiK

Ordinals Finance, an Ethereum-based decentralized finance (DeFi) protocol that enables customers to lend and borrow inscriptions, has been accused of performing an exit rip-off, often known as a “rug pull.”

In an April 24 press launch seen by Cointelegraph, blockchain safety agency CertiK reported that the protocol’s developer pulled 256 million Ordinals Finance (OFI) tokens out of its sensible contracts utilizing a “safuToken” perform. One other 13 million OFI was eliminated by means of an “ownerRewithdraw” perform, bringing the entire variety of tokens withdrawn to 269 million, CertiK acknowledged.

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