September 26, 2022

Polygon gaming project Dragoma falls victim to rug pull scheme

Polygon gaming project Dragoma falls victim to rug pull scheme

Developers of web3 game Dragoma based on the Polygon network have implemented a rug pull fraud scheme, experts say from 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).

Polygon gaming project Dragoma falls victim to rug pull scheme

Polygon gaming project Dragoma falls victim to rug pull scheme

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.

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