Developers behind the Optimism-based lending protocol Kokomo Finance seemed to conduct an exit scam over the weekend after manipulating tokens on the protocol to effectively steal $4 million in user funds. By shauryamalwa.
Developers behind the Optimism-based lending protocol Kokomo Finance seemed to conduct an exit scam over the weekend after manipulating tokens on the protocol to effectively steal $4 million in user funds.
Launched on March 25, Kokomo Finance allowed users to trade, borrow and lend wrapped bitcoin , ether , tether , USD Coin and dai . It quickly gained favor among Optimism users.
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