Yield aggregator platform Blur Finance reportedly had a high threshold as $600,000 worth of tokens were withdrawn within minutes.
Security company Pecshield murmured On August 10th, developers at Blur Finance revealed that they had withdrawn over $600,000 from Polygon and BNB Chain contracts.
#PeckShieldAlert #rag pull Finances seem blurry $BLR Sturdy. $BLR Ha
s dropped by -99%. https://t.co/phmi0OPIbphttps://t.co/qk5c0UF6fY
Removed social media channels and took ~$600,000 in Polygon and BNBChain.
Thank you @adam0658 for Intel. pic.twitter.com/e1oHDKkDVa— PeckShieldAlert (@PeckShieldAlert) August 10, 2022
The BLR token was trading on $0.00064 At the time of writing, it is down 99% from its peak of $0.06 just 24 hours ago.
Blur Finance will launch on the BNB chain on July 7th, 733 people before pulling the carpet. All social media channels have been removed at this time.
Same model as the recent ragpull
Two days ago, PeckShield flagged an alleged lag pull of over $1 million by a Dragoma developer. $420,000 USDT and 880,000 MATIC have reportedly disappeared from the Polygon contract.
Similarly, on July 25th, Teddy Doge’s developer took home $4.5 million in a soft lag pull. According to reports, 30 billion of his TEDDY tokens were exchanged for his BNB and BUSD and cashed out through the Binance exchange.
Each time the carpet is pulled, the project developer aggressively pitches and promises high returns. Investors caught in the bait often suffer unexpected losses.
