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