Cryptocurrency
[loss] $2M+
"Kannagi Finance's TVL drops to $0.17 in apparent rug pull"
Primary Source ↗Financial Loss
$2.1M
(2,130,000 USD)
Blockchain(s)
Ethereum
Incident Details
The defi yield aggregator project Kannagi Finance rug pulled on July 29 as its creators drained the $2.13 million total value locked. Kannagi Finance deleted its website and social media accounts following the exit scam.Blockchain security firm SolidProof had audited Kannagi in June.
Total loss estimated at $2,130,000.
Technical Details
- Initial Attack Vector
- Exit scam / rug pull
- Vendor / Product
- Kannagi Finance
Timeline
- 2023-07-29 Breach occurred
- 2023-07-29 Publicly disclosed