Scroll Ecosystem Stablecoin Project Essence Finance Suspected of Rug Pull

10/26 04:43

Wechat scan to share

On October 26th, according to WuBlockchain, the stablecoin project Essence Finance within the Scroll ecosystem is suspected of a Rug Pull. Its stablecoin CHI has dropped over 92% in the past 24 hours to $0.077, and over $20 million in collateral is suspected to have been removed. The last tweet was posted on September 11th. The project's audit report comes from FEI Protocol V2.

Comments

All Comments

Recommended for you

BRAYDEN LINDREA · 05/07 07:54

South Korea presidential front-runner pledges to approve Bitcoin ETFs

Korean presidential candidate Lee Jae-myung has vowed to make Korea more crypto-friendly and allow spot crypto ETFs if elected next month.
cointelegraph · 05/07 06:44

Democrats aim at Trump’s crypto profits with a 3-prong pincer move

Roughly two million wallets have bought Trump’s memecoin since its launch, according to Chainalysis, with a third having lost money on it.
The Block · 05/07 06:38

Bitcoin peaks above $97,000 as US-China talk plans put market back into 'risk-on' mode

Bitcoin rose 2.8% on Wednesday morning in Asia after U.S. and Chinese trade representatives announced plans to hold an ice-breaker meeting in Switzerland this weekend.
The Block · 05/07 06:37

Senate Democrat probes Trump's crypto ties in letter to World Liberty Financial

Senate Democrat Richard Blumenthal sent letters to World Liberty Financial and Fight Fight Fight LLC to investigate potential conflicts of interest related to President Donald Trump’s crypto activities.
EMC Labs · 05/07 04:44

Forward-looking transactions dominate the market, with over 10 billion US dollars flowing in, and BTC returns to $94,000

After revisions from February to April, with long-term capital entering the market and a redistribution of holdings completed, the market has become relatively stable internally.
05/07 02:14

BTC falls below $97,000

the market shows BTC has fallen below $97,000, now trading at $96,986.27, with a 24-hour increase of 2.93%. The market is volatile, please manage risks properly.
Stephen Moore · 05/06 07:11

Celsius’ Mashinsky lashes out at ‘death-in-prison sentence’

Mashinsky pleaded guilty in December 2024 to commodities fraud and manipulating the price of CEL, earning $48 million by selling his holdings before Celsius collapsed.
DID 2049 · 05/06 06:39

Hopper at Token2049 Dubai: Building the Future of DeFi

Thrilled to have been part of #Token2049 Dubai! 🇦🇪 An inspiring week connecting with incredible builders & leaders in Web3, shaping the future of DeFi.
BitradeX · 05/06 06:39

Say Goodbye to Trading Anxiety: How Everyday Investors Achieve Steady Crypto Growth with BitradeX

BitradeX's Managed AI-Driven Investment Solution
CointimeSG · 05/06 02:15

Cointime Invests in TronBank.Pro, Strengthening Its Web3 Financial Infrastructure Layout

Cointime has announced a strategic investment in TronBank.Pro. The specific investment amount and round were not disclosed. This investment signifies a deeper move by Cointime into the Web3 space, particularly in the field of blockchain financial infrastructure.