![Suspected $4M ‘Exit Rip-off’ as Kokomo Finance flies off the radar, token plunges Suspected $4M ‘Exit Rip-off’ as Kokomo Finance flies off the radar, token plunges](https://forexcryptozone.com/wp-content/uploads/2023/03/Cryptocurrencies_800x533_L_1556528029-768x512.jpg)
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lending protocol Kokomo Finance has been suspected of a $4 million “exit rip-off” that noticed customers’ funds withdrawn from the platform through a intelligent contractual loophole.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.
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