{"id":45255,"date":"2021-06-30T14:50:54","date_gmt":"2021-06-30T11:50:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45255"},"modified":"2025-08-31T20:54:42","modified_gmt":"2025-08-31T17:54:42","slug":"whalefarm-project-suspected-of-exit-scam-as-token-price-falls-99","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/whalefarm-project-suspected-of-exit-scam-as-token-price-falls-99\/","title":{"rendered":"WhaleFarm project suspected of exit scam as token price falls 99%"},"content":{"rendered":"<p>The WhaleFarm DeFi project team is suspected of diverting $2.3 million from investors. The native token price collapsed by 99% within minutes. The issue drew the attention of a cryptocurrency analyst known as CryptoWhale.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">WhaleFarm Token is the most recent scam to pull the rug on investors. It\u2019s estimated they stole over $2.3 million.<\/p>\n<p>\u2014 Fully anonymous team<br \/>\n\u2014 Promised 7.2 million % in returns<br \/>\n\u2014 The token is now down -99.99%<br \/>\n\u2014 Twitter page deactivated<br \/>\n\u2014 Telegram group deleted <a href=\"https:\/\/t.co\/Ye6CZ9HgUt\">pic.twitter.com\/Ye6CZ9HgUt<\/a><\/p>\n<p>\u2014 Mr. Whale (@CryptoWhale) <a href=\"https:\/\/twitter.com\/CryptoWhale\/status\/1410083695256559618?ref_src=twsrc%5Etfw\">June 30, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Anonymous developers launched WhaleFarm recently and promised annual returns of up to 7,217,848%. The yield-farming project accepted a range of cryptocurrencies, including BNB, BUSD, USDT, BTC, ETH, ADA, DOT and LINK.<\/p>\n<p>Through attracting a large number of investors, the token&#8217;s price rose noticeably. However on June 30 it crashed by 99% and is now trading below $0.20.<\/p>\n<div id=\"attachment_140746\" style=\"width: 1238px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-140746\" class=\"size-full wp-image-140746\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/jDGNFhRC.png\" alt=\"WhaleFarm project suspected of exit scam. Token price fell 99%\" width=\"1228\" height=\"708\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/jDGNFhRC.png 1228w, https:\/\/u1f987.com\/wp-content\/uploads\/jDGNFhRC-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/jDGNFhRC-1024x590.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/jDGNFhRC-768x443.png 768w\" sizes=\"auto, (max-width: 1228px) 100vw, 1228px\" \/><\/p>\n<p id=\"caption-attachment-140746\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/www.tradingview.com\/x\/jDGNFhRC\" target=\"_blank\" rel=\"noopener\">TradingView<\/a>.<\/p>\n<\/div>\n<p>The project team also deleted the official Telegram group and Twitter account.<\/p>\n<p>According to DappRadar, WhaleFarm has over 1,500 unique users, and the total value of processed transactions stands at $23.6 million.<\/p>\n<p>Earlier in March, the DeFi project TurtleDex on the Binance Smart Chain carried out <a href=\"https:\/\/u1f987.com\/en\/news\/defi-project-turtledex-on-binance-smart-chain-carried-out-a-2-4-million-exit-scam\">exit scam of $2.4 million<\/a>.<\/p>\n<p>In April, the Uranium Finance team <a href=\"https:\/\/u1f987.com\/en\/news\/uranium-finance-project-loses-50-million-in-ethereum-due-to-vulnerability\">lost $50 million in Ethereum due to a vulnerability<\/a>.<\/p>\n<p>Earlier, Beetsfarm Finance developers on the Polygon blockchain were suspected of stealing more than $120,000 from users.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The WhaleFarm DeFi project team is suspected of diverting $2.3 million from investors. The native token price fell by 99% in minutes. The matter drew the attention of a crypto analyst known as CryptoWhale.<\/p>\n","protected":false},"author":1,"featured_media":45256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1093],"class_list":["post-45255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45255","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=45255"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45255\/revisions"}],"predecessor-version":[{"id":45257,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45255\/revisions\/45257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45256"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}