Crypto News

$10.8M Stolen, Developers Implicated in Alleged Smart Contract ‘Rug Pull’

Another decentralized finance (DeFi) project was rug-pulled Tuesday, with some $ 10.8 million in investor funds stolen due to a hidden backdoor in the project’s smart contracts. Compounder Finance – a self-described clone of Harvest and Yearn Finance built by pseudonymous programmers – had its contracts drained of $ 750,000 worth of wrapped bitcoin (WBTC), […]