Optimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit rip-off” that noticed customers’ funds withdrawn from the platform through a intelligent contractual loophole.
Blockchain safety firm CertiK alerted its followers to the “exit rip-off” in a March 26 tweet, noting that the Kokomo Finance (KOKO) token had dropped 95% in worth inside minutes.
Kokomo Finance has both deactivated or deleted its Twitter account. Supply: TwitterModifications to the KOKO good contract code started round 09:00 UTC on March 26. Supply : Bullish EtherscanThe worth of the Kokomo Finance token, KOKO, fell over 97% round 4:10 p.m. UTC time on March 26. Supply : CoinGeckoKokomo failed all elements of its good contract audit, which was reviewed by 0xGuard in March. Supply: GitHub
