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Home » SwirlLend Deployer Steals Half a Million Through Rug Pull – BeInCrypto

SwirlLend Deployer Steals Half a Million Through Rug Pull – BeInCrypto

SwirlLend Deployer Steals Half a Million Through Rug Pull – BeInCrypto

The decentralized finance (DeFi) protocol SwirlLend’s Total Value Locked (TVL) has dropped nearly to zero after it was claimed the team had conducted a rug pull. Recently, scammer have turned their attention to Coinbase’s new Layer 2 Base network protocol. According to PeckShieldAlert, the SwirlLend deployer has rugged the project, dropping the TVL from $784,300 to $49.26. The team deleted its social media presence, and the official website is also down. SwirlLend TVL. Source: DefiLlama The deployer bridged the assets from Base and Linea to Ethereum blockchain. As of writing, the deployer has bridged almost the entire amount to Ethereum, mainly… 

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