Under the pretense of a contract upgrade, the Hunter defi project team drained the liquidity from the project, swapping the tokens for assets worth around $1.2 million. The team also took down the project website and closed the Discord server.The rug pull was first noticed by CertiK, a blockchain security firm that had also audited the project. “We pointed out these major centralization issues in their audit,” CertiK wrote on Twitter.

Total loss estimated at $1,200,000.