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Ordinals Finance has carried out an exit rip-off ensuing within the theft of $1 million, blockchain safety agency CertiK stated April 24.
The challenge’s deployer handle has emptied Ordinals Finance’s good contracts, swapped the challenge’s token (OFI) for Ethereum (ETH), and consolidated funds in a single account. The challenge has additionally deleted its web site and all social media.
Ordinals Finance claimed it will construct a protocol for creating decentralized finance (DeFi) functions on Bitcoin. It supposedly aimed to introduce functions for lending, borrowing, staking, farming, and swapping on Bitcoin’s Ordinals protocol.
The challenge used Ethereum to create its native OFI token regardless of its claims that it will in the end leverage the Bitcoin blockchain.
The value of the OFI token is down 94% over the previous hour.
Ordinals Finance will not be formally related to Bitcoin Ordinals, which stays lively and is used to mint collectible objects by way of on-chain inscriptions.
The publish Ordinals Finance carries out $1M exit rip-off appeared first on CryptoSlate.
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