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Defrost Finance Hacked in Assault Some Say Might Have Been a Rug Pull

by SB Crypto Guru News
December 26, 2022
in Crypto Updates
Reading Time: 1 min read
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A rug pull, or exit rip-off, can happen when builders create and set up a liquidity pool after which take away the funds and disappear after traders have purchased the associated token. The entire worth of funds locked on Defrost Finance, which peaked at $95 million in February, was about $13 million in current weeks, Defi Llama knowledge present. That dropped to lower than $93,000 on Dec. 25.



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