Posted 2/26/2024, 6:09:00 AM
Anonymous Team Rug Pulls $1.3M from Investors on Eve of Blast Mainnet Launch
- RiskOnBlast rug pulled $1.3M in Ether from investors after raising funds through Blast ecosystem
- RiskOnBlast was an anonymous team running a gambling/exchange platform in Blast's developer competition
- Over $1M raised from 750+ investors; funds quickly sent to ChangeNow, MEXC, and Bybit exchanges
- Marks first apparent scam on highly-funded Layer 2 network Blast right before its mainnet launch
- Comes shortly after Blast chose 47 winners from 3,000 applicants for grants to build on the blockchain