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Kokomo Finance Exit Scam Sees Developers Make Away with $4M Worth of Tokens

bossMarch 27, 2023 Analysis

The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M. According to reports, developers behind crypto lender Kokomo used Wrapped Bitcoin (wBTC) to perpetuate a $4 million exit scam. A CoinDesk report alleges developers pulled off the scam

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

bossMarch 27, 2023 Cryptocurrency Market, News

Optimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit scam” that has seen user funds plucked out from the platform via a smart contract loophole.Blockchain security firm CertiK alerted its followers to the “exit scam” in a March 26 Twitter post, noting that the Kokomo Finance

Exit Finance Flies Kokomo Plunges Radar Scam Suspected Token Read More

Kokomo

Kokomo Finance Exit Scam Sees Developers Make Away with $4M Worth of Tokens

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

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