DeFi protocol SeaSwapSui steals $32k from traders 

CeriK Alert has revealed that DeFi platform SeaSwap has rug-pulled its customers, stealing about $32,000 price of SUI tokens. SeaSwap has additionally deserted its different social media channels.

SeaSwapSui, a decentralized finance protocol on the just lately launched Sui community, has stolen investor funds and deserted its social media platforms. 

In keeping with the blockchain safety firm, CertiK, the SeaSwap admins invoked emergency withdrawal of SUI from the challenge’s token sale contract, stealing 32,787 SUI price roughly $32,000 through the assault.

Launched on Might 3 by MystenLabs, Sui is a layer-1 blockchain community powered by the designated proof-of-stake (dPoS) consensus mechanism. The Sui challenge concluded its preliminary coin providing (ICO) earlier this month.

This 12 months alone, rogue web3 challenge creators have stolen tens of millions of {dollars} price of customers’ hard-earned cash through rug pull assaults.

In March, Harvest Keeper, a man-made intelligence-based DeFi platform rug pulled its customers, carting away with almost $1 million in crypto. 

Different web3 initiatives, together with SyncDex.Finance, AnubisDAO, Atom Protocol, MerlinDEX, and a number of others have carried out rull pull assaults of late.