{"id":28401,"date":"2020-09-09T12:47:36","date_gmt":"2020-09-09T09:47:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28401"},"modified":"2025-08-27T11:27:47","modified_gmt":"2025-08-27T08:27:47","slug":"defi-project-emd-suspected-of-2-5-million-exit-scam","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/defi-project-emd-suspected-of-2-5-million-exit-scam\/","title":{"rendered":"DeFi project EMD suspected of $2.5 million exit scam"},"content":{"rendered":"<p>The EOS-based DeFi project EMD&#8217;s organizers allegedly carried out an exit scam, siphoning $2.5 million of client funds, as <a href=\\\"https:\/\/www.chainnews.com\/news\/590332398917.htm\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">reported<\/a> by the Chinese analytics company SlowMist.<!--more--><\/p>\n<p>\\n<\/p>\n<p>According to available information, from the contract &#8217;emeraldmine1&#8242; 780,000 USDT, 490,000 EOS and 56,000 DFS were withdrawn. They were sent to the account &#8216;sji111111111&#8217;. Subsequently, 121,000 EOS tokens were moved to the ChangeNOW exchange.<\/p>\n<p>\\n<\/p>\n<p class=\\\"p1\\\">In ForkLog&#8217;s comment, exchange representatives said they had tracked over 135,000 stolen EOS tokens (over $379,000 at the time of writing). The funds will be returned to users after an official request by law enforcement; the attackers&#8217; addresses have been added to the blacklist.<\/p>\n<p>\\n<\/p>\n<p>SlowMist specialists added that the EMD contract had been altered after release, and urged users not to send cryptocurrency to the project&#8217;s addresses.<\/p>\n<p>\\n<\/p>\n<p>PeckShield has found that USDT tokens are being moved to DeFibox and other platforms.<\/p>\n<p>\\n<\/p>\n<p>Representatives of DeFibox have already <a href=\\\"https:\/\/support.newdex.net\/hc\/en-us\/articles\/360049376791-The-Information-Disclosure-of-Clues-to-EMD-Project-and-Cooperating-with-the-Community-to-Track-It\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">reached out<\/a> to SlowMist and other interested companies to provide them with information to help locate the attackers.<\/p>\n<p>\\n<\/p>\n<p>In June, the Ukrainian crypto investment fund Bitsonar carried out an exit scam. For more on the history of the pyramid built by a former official, read ForkLog&#8217;s special feature.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog&#8217;s news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EOS-based DeFi project EMD&#8217;s organizers allegedly carried out an exit scam, siphoning $2.5 million of client funds. This was reported by the Chinese analytics company SlowMist.<\/p>\n","protected":false},"author":1,"featured_media":28402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1093,817],"class_list":["post-28401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-defi","tag-eos"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28401"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28401\/revisions"}],"predecessor-version":[{"id":28403,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28401\/revisions\/28403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28402"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}