Blast network’s layer 2 project falls prey to 500 ETH rug pull
The Blast network’s layer 2 project, RiskOnBlast, has been hit with a significant exploit, commonly referred to as a “rug pull,” leading to the loss of around 500 Ether (ETH).?
The heist surprised the crypto community, primarily because it’s the first of its kind in Blast’s layer 2 ecosystem. The troubling events unfolded when some community members noticed the sudden erasure of RiskOnBlast’s social media presence. ?
Analysis pointed to a well-orchestrated deception, with crypto reporter Colin Wu, indicating that RiskOnBlast’s official X account had gone dark shortly after funds were siphoned off. Other prominent names in the crypto space, including analysts and investors, have expressed their dismay, with some questioning the scrutiny involved in the RiskOnBlast venture, which was backed despite having anonymous founders with no established reputation.
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