Promptly after the funds went missing, Swaprum’s Twitter, Telegram and Github accounts were all deleted, however its website is still up.
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Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform.
A rug-pull or exit scam occurs when a seemingly legitimate project ropes in a certain amount of investment or user deposits before promptly shutting everything down, pulling the capital and vanishing off into the distance — if they don’t adequately cover their tracks, of course.
According to May 19 tweet from the alerts-focused account of blockchain security firm Peck Shield, the bad actors swiped 1,628 Ether (ETH) — worth roughly $2.95 million at
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