The xKingdom project promised users a way to “build your kingdom” on Twitter, earning tokens by interacting with tweets and doing “quests”. Users had to borrow XKING tokens in order to participate.On January 6, the project’s creators drained the tokens that had been put into the project, then deleted their website and social media accounts. Altogether, they withdrew 558.3 ETH (~$1.25 million).

Total loss estimated at $1,250,000.