Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Pagla on February 15, 2022, 11:32:12 AM
-
Titano Finance Reportedly Rug Pulls Investors With Nearly $2 Million Stolen.
Titano Finance, an auto-staking and compounding platform, has been exploited to the tune of $1.9 million worth of Binance Coin (BNB).
Blockchain security and analytics company PeckShield Inc noted that the unfortunate incident, which seemed like a rug pull, saw the attackers steal funds from the project’s liquidity pool in the early hours of today.
According to PeckShield, after the $1.9 million was stolen from the pool, the attackers sent the funds to a wallet address.
Further investigations revealed that the attackers subsequently split the funds into 23 wallet addresses, in a bid to avoid being tracked down by law enforcement agencies.
The unfortunate incident took a huge toll on the token’s value, as investors suffered huge losses due to the price dip.
More Information (https://cryptonews.net/en/news/defi/3149639/)