✖️ CHIBI FINANCE JUST RUGGED $1MILLION, AVOID IT ✖️
What does the term "RUG PULL" mean, a "rug pull" refers to a deceptive practice where the developers or individuals behind a particular cryptocurrency project abruptly abandon or exit the project, taking with them a significant portion of the funds invested by participants. This act is often premeditated and intentionally designed to deceive investors and manipulate the market.
Chibi Finance a Arbitrum-based DeFi project just rugged. The protocol allegedly executed a $1M rug pull on the Layer 2 blockchain abandoning the project and living investors stranded.
Always research about projects before investing. Check my past post and article to learn more about how to research and stay safe.
