{"id":80830,"date":"2023-06-27T15:34:42","date_gmt":"2023-06-27T12:34:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80830"},"modified":"2025-09-11T19:21:48","modified_gmt":"2025-09-11T16:21:48","slug":"chibi-finance-team-on-arbitrum-conducts-a-1-million-rug-pull","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chibi-finance-team-on-arbitrum-conducts-a-1-million-rug-pull\/","title":{"rendered":"Chibi Finance team on Arbitrum conducts a $1 million rug pull"},"content":{"rendered":"<p>The developers of the DeFi project Chibi Finance on the Arbitrum network were suspected of conducting a rug pull. From the platform&#8217;s liquidity pools, 555 ETH belonging to users were withdrawn, according to PeckShield.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">It seems that <a href=\\\"https:\/\/twitter.com\/Chibi_Fi?ref_src=twsrc%5Etfw\\\">@Chibi_Fi<\/a> (<a href=\\\"https:\/\/t.co\/NjlcRCYS6D\\\">https:\/\/t.co\/NjlcRCYS6D<\/a>) was just rugged. The stollen funds are transfered to <a href=\\\"https:\/\/twitter.com\/TornadoCash?ref_src=twsrc%5Etfw\\\">@TornadoCash<\/a> (555 <a href=\\\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ETH<\/a>).<a href=\\\"https:\/\/twitter.com\/hashtag\/rugpull?src=hash&#038;ref_src=twsrc%5Etfw\\\">#rugpull<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/laundering?src=hash&#038;ref_src=twsrc%5Etfw\\\">#laundering<\/a> <a href=\\\"https:\/\/t.co\/0j65Sa9fyD\\\">pic.twitter.com\/0j65Sa9fyD<\/a><\/p>\n<p>\u2014 BLIN Analytics (@BlinAnalytics) <a href=\\\"https:\/\/twitter.com\/BlinAnalytics\/status\/1673618058290577409?ref_src=twsrc%5Etfw\\\">June 27, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Experts found that the attackers directed the funds to <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-tornado-cash-mixer-and-why-was-it-sanctioned\">Tornado Cash<\/a>.<\/p>\n<p>The project team representatives shut down the project&#8217;s website as well as its Twitter and Telegram accounts.<\/p>\n<p>According to <a href=\\\"https:\/\/dexscreener.com\/arbitrum\/0xa13fbb5457155f96273899ea28b3a9ea8ed6a948\\\">DEX Screener<\/a>, CHIBI price slumped to $0.018. In 24 hours the asset lost 98.7% of its value.<\/p>\n<p>Some members of the crypto community criticized the DeFi_Mochi user for shilling the project.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">care to explain why you shilled something that rugged again? <a href=\\\"https:\/\/twitter.com\/defi_mochi?ref_src=twsrc%5Etfw\\\">@defi_mochi<\/a> <a href=\\\"https:\/\/t.co\/64EVGRUHcU\\\">pic.twitter.com\/64EVGRUHcU<\/a><\/p>\n<p>\u2014 hedgedhog (@hedgedhog7) <a href=\\\"https:\/\/twitter.com\/hedgedhog7\/status\/1673606747360043009?ref_src=twsrc%5Etfw\\\">June 27, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier in May, the Swaprum DEX team <a href=\"https:\/\/u1f987.com\/en\/news\/swaprum-dex-team-suspected-of-3m-exit-scam\">was suspected of an exit scam worth $3 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developers of the DeFi project Chibi Finance on the Arbitrum network were suspected of conducting a rug pull. From the platform\u2019s liquidity pools, 555 ETH belonging to users were withdrawn (~$1 million), according to PeckShield.<\/p>\n","protected":false},"author":1,"featured_media":80831,"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-80830","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":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80830","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=80830"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80830\/revisions"}],"predecessor-version":[{"id":80832,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80830\/revisions\/80832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80831"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}