IBXtrade: Orderly is unrelated to the issuance of tokens and will work to address community issues and announce next steps

ChainCatcher message, in response to the allegations of "suspected rug," IBXtrade stated on X: "We understand the current dissatisfaction in the community and are working hard to address it. We will do everything we can to resolve the issue and will share the next steps as soon as possible. Orderly is not related to the issuance of the token; this token issuance is entirely executed by the IBX and Artic teams."

Previously, DeFi analyst Anon Vee posted on X that multiple users reported that the Orderly Network ecosystem project IBXtrade is suspected of being a rug pull. Orderly Network responded to this incident, stating, "We do not support IBXtrade or its tokens; any other insinuations are false. Orderly is investigating this situation and will take necessary steps to support the community. Meanwhile, we will sever any future collaborations with IBXtrade."