LENX Finance, which had raised $10.22 million thru LBP financing on January 7 this Twelve months, is now beneath suspicion of a rug pull scam. Many users reported that every treasury funds were transferred on March 27, and the reliable Twitter story additionally stopped updating since then.
In the starting put is believed as RenaissanceDAO, a fragmented NFT market inspired by OlympusDAO, the LENX group closed a $250,000 seed round funding in Frax Finance on February 28, 2022.
In one other fashion, the cryptocurrency put faced one other rug pull claim about two weeks within the past. This time, blockchain platform ZKasino was on the center of the accusations, with many investors claiming their money was stolen. Despite the allegations, ZKasino persevered to post updates forward of disappearing from the public behold alongside with investors’ money.
Essentially the most modern fashion reveals that a suspect was arrested by authorities within the Netherlands and over $12 million was seized within the job. A 26-Twelve months-used man was arrested earlier this week over a ZKasino rug pull, the Dutch Monetary Recordsdata and Investigation Provider (FIOD) announced on Wednesday.
In accordance with the clicking liberate, Dutch authorities began investigating the $33 million crypto platform scam on April 25. The criminal investigation began with on-line reviews from the crypto neighborhood and info from FIOD’s intelligence departments.
*Here is now not funding recommendation.
