Chibi Finance $1M alleged rug pull: How it happened
The exploiter used a “panic” function buried within eight different smart contracts to remove $1 million worth of users’ funds without their permission. On June 26, decentralized finance (DeFi) aggregator Chibi Finance was exploited by its own deployer account, and $1 million worth of cryptocurrency was drained from its contracts in an apparent rug pull…
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