The Web3 sailing game MetaLine accuses iZUMi Finance of misappropriating mining rewards and dumping its tokens

2023-06-13 18:15:54
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ChainCatcher news, the multiplayer sailing game in the Arbitrum ecosystem MetaLine published an article accusing the multi-chain DeFi protocol [iZUMi Finance](https://www.rootdata.com/zh/Projects/detail/iZUMi Finance?k=MTMwMw==) of misappropriating mining rewards and dumping its tokens. The article states that MetaLine agreed to officially collaborate with iZUMi Finance in late May and participate in its double reward mining activity. As part of this event, MetaLine committed to creating a liquidity pool worth $60,000 in MTG and providing $20,000 worth of MTG as mining rewards. Meanwhile, iZUMi Finance would provide $5,000 worth of IZI as mining rewards.

MetaLine subsequently sent $20,000 worth of MTG to the address provided by iZUMi Finance and initiated the mining reward activity. However, MetaLine discovered through on-chain tracking and monitoring of the iZUMi Finance address that iZUMi Finance misappropriated $10,000 worth of MTG, only incorporating half of the MTG sent by MetaLine into the liquidity mining reward pool.

In addition, iZUMi Finance also sold off a portion of the MTG that was not included in the liquidity mining reward pool (worth over $2,640) and incorporated these funds into the mining reward pool to continue mining. MetaLine stated that they attempted to seek clarification from iZUMi but have not yet received a response. (Source link)

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