The developers of the Web3 game Dragoma based on the Polygon network implemented a rug pull fraud scheme, experts reportedfrom PeckShield. The price of the DMA token fell by 99.9%.
Launched in June, the project was positioned as an M2E gaming application in the GameFi + SocialFi sphere. Its founder was listed as a resident of Texas, Ken Gris.
According to PeckShield experts, the Dragoma website is down, and the social media channels have been removed.
DMA quotes peaked on August 7 at $1.81 (CoinGecko).
Data: CoinGecko.
The stolen funds are believed to have been sent to centralized exchanges, PeckShield said. According to CoinDesk, their cost was about $3.5 million.
Recall that rug pull schemes accounted for over a third of the $7.7 billion in cryptocurrencies stolen from users in total in 2021, according to Chainalysis.
Read ForkLog bitcoin news in our Telegram - cryptocurrency news, courses and analytics.
Read this:
Hacker hacked Deus Finance project and stole $13.4 million worth of cryptocurrency
The price of the Polygon token increased by almost 25% in a day
Teddy Doge meme token depreciated by 100% in a day
Hackers hacked the Elephant Money project and stole $22 million worth of cryptocurrency
BitGo became a partner of Near Protocol
Reddit to release collectible avatars on the Polygon blockchain