According to Techub News, Orderly Network, the full-chain derivatives liquidity layer, issued a statement on X today stating that it does not support IBXtrade or its tokens, and any other insinuations are false. Orderly is currently investigating the situation and will take the necessary steps to support the community. At the same time, they will cut off any future cooperation with IBXtrade.

 

In addition, DeFi analyst "Anon Vee" posted on X that many users reported that the Orderly Network ecological project IBXtrade was suspected of a Rug scam. It is reported that IBXtrade launched a pre-sale three days ago, planning to raise 2,000 SOL (about 3.2 million US dollars) and refund the pre-sale participants who were not selected. The pre-sale eventually over-raised more than 160,000 SOL (24 million US dollars). Participants originally expected the project to return 21.8 million US dollars, but the IBXtrade team created a poll on a website completely controlled by themselves, asking whether to increase the pre-sale limit. The survey was eventually passed and 65,000 SOL (9.7 million US dollars) should be refunded to pre-sale participants. However, IBXtrade claimed that 65,000 SOL had been returned, but in fact the team only sent these SOL to multiple addresses they created, and users reported that they did not receive a refund.