The project of the DeFi ecosystem on Bitcoin is Ordinals Finance (OFI) rug pull, which stole money worth at least 1 million USD.
Ordinals Finance (OFI) rug pull, stole at least 1 million USD
As reported, the Bitcoin NFT wave has gradually become the new “narrative” in the market since the Ordinals - Inscription project exploded.
Of course, wherever it attracts money, there are scammers raging. Especially with a land that is still “wild” and budding like Bitcoin DeFi.
Just yesterday, UniSat Wallet for Bitcoin Ordinals suffered a double-spend attack shortly after its launch. Until today, the community has witnessed a project of this rug pull system, running away with money.
Specifically, blockchain security unit CertiK discovered that Ordinals Finance project withdrew 256 million OFI tokens from staking and swap contracts to ETH with a value of about 1 million USD. This ETH is quickly transferred to the Tornado Cash mixer to remove transaction traces.
Furthermore, the project's social media accounts such as Twitter and the official website have been deleted and are no longer accessible.
Ordinals Finance's Twitter has been deleted
The OFI token price has dropped by nearly 100% since being dumped by the founders themselves.
Ordinals Finance emerged at the end of February this year when the community started paying attention to Bitcoin NFT. This project promises to contribute to building the DeFi ecosystem on Bitcoin. But in the end, it's all just... a fleeting promise.