2 entries tagged “arbitrum”.
An Arbitrum DEX (token SAPR) whose deployer rug-pulled ~$3M in May 2023 by using proxy upgradeability to swap the audited staking contract for a malicious one. Funds were laundered via Tornado Cash. CertiK had audited it weeks earlier and later flagged it an 'exit scam'.
ZachXBT publicly warned that Sorta Finance (Arbitrum) was likely to be an exit scam and linked it to a series of earlier lending-protocol rug pulls attributed to the same actor, with reported cumulative losses above $25M.
