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...and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet.

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July 29, 2023

Kannagi Finance rug pulls for over $2 million

A stylized green K on a dark grey background(attribution)
The defi yield aggregator project Kannagi Finance rug pulled on July 29 as its creators drained the $2.13 million total value locked. Kannagi Finance deleted its website and social media accounts following the exit scam.

Blockchain security firm SolidProof had audited Kannagi in June.

  • "Kannagi Finance's TVL drops to $0.17 in apparent rug pull", The Block
Theme tags: Rug pull
Blockchain tags: Blockchain: Ethereum
Tech tags: DeFi

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