SharkTeam: Hotbit exchange suspected of executing a large-scale rug pull, profiting approximately 1.7 million dollars

ChainCatcher news, the security monitoring of SharkTeam's on-chain analysis platform ChainAegis shows that Hotbit exchange is suspected of conducting a large-scale Rug Pull, siphoning approximately $1.7 million in assets from users. One of the victims is @RichQuack, who lost about $254,000 in QUACK and USDT. @BabyDogeCoin and @DogelonMars are also victims of this case, having lost over $1 million in assets.

Currently, Hotbit News has 498,000 Twitter followers and advises all parties involved to remain vigilant and take necessary security measures.

Previous report, Hotbit announced on May 22 that it would cease operations, and users must withdraw their remaining assets by June 21. (Source link)