• Written by: (Blockchain News
  • Tue, 28 Mar 2023
  •   Hong Kong

Kokomo Finance, an open-source and noncustodial lending protocol on Optimism, is suspected of an exit scam worth $4 million. The protocol allegedly plucked user funds via a smart contract loophole, causing the Kokomo Finance token to plummet 95% in value. Blockchain security firm CertiK alerted its followers to the situation, noting that Kokomo Finance removed all social media accounts following the incident. (Read More)

Kokomo Finance Accused of $4M Exit Scam