The team behind Blast had even helped to promote the RiskOnBlast platform, tweeting from its official account that Blast was "a new challenger" in the ecosystem with "undeniable" potential.
On February 25, the platform drained more than 420 ETH (~$1.3 million) from more than 750 user wallets on their platform. The project's anonymous team then laundered the funds through various services and exchanges. All social media accounts for the project were taken offline.