DeFi project EMD was suspected of an exit scam worth $ 2.5 million The organizers of the DeFi project EMD based on EOS allegedly performed an exit scam, embezzling $ 2.5 million in user assets. This was reported by the company SlowMist, which specializes in data analysis in blockchains.

DeFi project EMD suspected of exit scam worth $ 2.5 million

The organizers of the EOS-based DeFi project EMD allegedly committed an exit scam, embezzling $ 2.5 million in user assets. This was reported by the company SlowMist, specializing in data analysis in blockchains..

According to her observations, 780,000 USDT, 490,000 EOS and 56,000 DFS were withdrawn from the emeraldmine1 contract. They were credited to an account designated in the blockchain as "sji111111111". Subsequently, 121,000 EOS were transferred to the wallets of the ChangeNOW exchange service.

Analysts found that the project's contract was changed after release. SlowMist urge users not to send cryptocurrency to project addresses. The peculiarities of the operation of the EOS system allow the movement of assets in contracts that are not protected by multisignature, therefore, users are encouraged to pay special attention to this characteristic and not to participate in projects that have not passed a security audit.

PeckShield also discovered that USDT assets were being moved to DeFibox and other platforms. DeFibox, for its part, said it has contacted SlowMist and other interested companies to provide them with information to detect potential attackers..

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