Story cover for DeFi Protocol SeaSwapSui Steals $32k From Investors by melodyharris809
DeFi Protocol SeaSwapSui Steals $32k From Investors
melodyharris809
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melodyharris809
Ongoing, First published May 29, 2023
medianewspublications
It was discovered by CeriK Alert that the decentralized exchange platform SeaSwap has scammed its users out of around $32,000 worth of SUI tokens. Additionally, SeaSwap has discontinued its presence on its other social media channels.

The decentralized finance system SeaSwapSui, which was just established on the Sui network, has been accused of stealing investor money and abandoning its social media sites.

CertiK, a company that specializes in blockchain security, asserts that the administrators of SeaSwap carried out an attack in which they stole 32,787 SUI worth approximately $32,000 by invoking an emergency withdrawal of SUI from the token sale contract of the project.

Sui is a layer-1 blockchain network that is driven by the designated proof-of-stake (dPoS) consensus mechanism. This network was introduced on May 3 by MystenLabs. The initial coin offering (ICO) for the Sui project was successfully completed earlier this month.

You may also be interested in: WSB Coin loses 85% of its value after a possible rug pull

Rogue Web3 project creators have used "rug pull" tactics to steal millions of dollars worth of users' hard-earned money just in one year.

In March, Harvest Keeper, a decentralized exchange (DeFi) platform powered by artificial intelligence, scammed its subscribers out of roughly one million dollars worth of cryptocurrency.

Other web3 projects, such as SyncDex.Finance, AnubisDAO, Atom Protocol, and MerlinDEX, amongst many others, have recently carried out rull pull assaults.
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Unwritten Endings || H.S

21 parts Complete

Two childhood friends, who were once inseparable, cross paths again after many years apart. But this time, their reunion is nothing like they imagined. One of them acts like they don't remember what friendship means or the pain of losing someone close. They've put up walls and seem distant. The other friend, on the other hand, has never forgotten their shared moments and still holds onto those memories, even though so much time has passed. When they meet again, it's obvious that things have changed a lot. The friend who seems to have forgotten everything is now caught up in a life full of secrets and dangers, and they have to keep their distance to protect themselves. The other friend can't figure out why things have turned out this way and is hurt by the fact that they can't go back to being close like they were before. There might be a deeper reason behind all of this-maybe there's some old grudge that one of them is holding onto, or perhaps someone has paid them off to stay away. Instead of bringing them back together, this reunion might just pull them further apart, tangled up in lies, mystery, and things they can't talk about. And something is bound to happen between them in the end-will everything go back to the way it was, or will things get so messed up that they end up as enemies? STARTED: 10, September 2024 ENDED: 02, February 2025

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