Arbix Finance (ARBX)
A BNB Chain yield-farming project that rug-pulled about $10M in January 2022. The team minted millions of ARBX via an owner-only mint() function, dumped them, routed user deposits to unverified pools, and deleted its site and socials — months after a CertiK audit.
Also known as: Arbix Finance, ARBX
Summary
Arbix Finance was a Binance Smart Chain yield-farming protocol marketed as low-risk arbitrage. In early January 2022, blockchain-security firms CertiK and PeckShield identified it as a rug pull: the ARBX contract contained owner-only mint() functions used to mint about 10 million ARBX to eight addresses, ~4.5 million of which were dumped, while roughly $10 million of user deposits were routed to unverified pools and then drained and bridged to Ethereum. [1][2]
Note on audit
The project's website and Twitter were deleted after the incident. Arbix had been audited by CertiK in November 2021; CertiK said the exploited contracts "were not in the audit scope," a point cited in later debates over the value of DeFi audits. [1][2]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (2)
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.