Cybersecurity agency PeckShield reported that the developers of the Polygon-based web3 game Dragoma pulled $3.5 million out of the project through a rug pull scam.
PeckShield reported that the Dragoma community is facing a classic rug pull pattern – when the development team suddenly abandons the project and withdraws all its liquidity. Launched in June, the Dragoma project positioned itself as an M2E gaming application in the GameFi+SocialFi space. Its founder was listed as a resident of Texas, Ken Gris.
Yesterday, August 7, the DMA project token reached $1.8, and then fell by 99.8% in a couple of hours to $0.003. PeckShield analysts claim that the developers withdrew about $3.5 million from the liquidity pool to centralized exchanges. Now the official Dragoma resource is not working, and the social media channels have been deleted.
Recall that, according to Chainalysis, rug pull schemes accounted for over a third of the $7.7 billion stolen from cryptocurrency users in 2021. In July, the US Department of Justice indicted the founders of the cryptocurrency projects Baller Ape Club NFT, EmpiresX, Circle Society and Titanium Blockchain Infrastructure Services, accusing them of stealing investors’ funds through the rug pull scheme.
Source: Bits
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