While Kokomo Finance (KOKO), a decentralized finance (DeFi) protocol based on Optimism (OP), signed an “exit scam” scam worth 4 million dollars, the altcoin price lost 98% in a short time.
Lending protocol Kokomo Finance, TSI hosted a serious fraud around midnight last night. Shared by blockchain security firm CertiK in the shipmentKokomo Finance investors are likely to “exit scam” warned about. After suspicious movements in the wallets of the protocol KOKO price 98% depreciating Access to the main site is interrupted And The social media accounts of the project were closed..
According to the data, the Koko Finance management team KOKO’s manipulated smart contract codes and one Wrapped Bitcoin (WBTC) derivative cBTC performed multiple operations on it. Next 7,000‘more than Sonne Wrapped Bitcoin (So-WBTC) to get cBTC Individuals using the smart contract will receive a total of 7,010 So-WBTC. 141wBTCconverted to . Finally, as a result of these simple operations 4 million dollars worth wBTC, “0x5a2d” moved to address.
This fraud move, which is thought to have been made by the team, resulted in the evacuation of a significant part of the pools on the protocol. Users are logged in because the Kokomo Finance main server has been shut down. cannot access or process any assets.
CoinGecko According to data provided by “exit scam” with the news of 98% depreciated KOKO, $0.0467 from the level $0.0006484 as much as it declined. KOKOat the time of writing It is trading at $0.0006495.