According to Foresight News, a fraudulent team that has stolen millions of dollars from websites such as Magnate, Kokomo, Lendora, and Solfire has launched a new project on Blast, named Leaper Finance. The team, monitored by on-chain analyst ZachXBT, funded an address with approximately $1 million laundered from previous scams last week and began providing liquidity to lure users.
ZachXBT noted that the scam team has increased its Total Value Locked (TVL) to over a million dollars in recent times, then stole all the funds deposited by users into the protocol. They also forged Know Your Customer (KYC) documents and used low-level auditing firms. Currently, the scam team has initiated scams on platforms such as Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, and Avalanche.