Certik identifies Arbix Finance as a rug pull, warns users to steer clear

Certik identifies Arbix Finance as a rug pull, warns users to steer clear


Binance Smart Chain-based yield farming protocol Arbix Finance was identified by blockchain security company CertiK as a rug pull. 

According to the firm’s incident analysis, there were several reasons why the project was flagged. The security firm states that “The ARBX contract has mint() with onlyOwner function, 10 million ARBX tokens were minted to 8 addresses,” and 4.5 million ARBX was minted to a single address. Following this, CertiK confirmed that “The 4.5M minted tokens were then dumped.”

The firm also reported that the $10 million in funds deposited by users was directed to pools that are unverified, and eventually, a hacker drained all the assets from the pools. 

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Using the platform’s Skytrace tool to analyze the risk of fraud, the firm determined that the hacker moved the

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