Carding
Professional
- Messages
- 2,870
- Reaction score
- 2,493
- Points
- 113
The decentralized finance protocol based on zkSync Kannagi Finance was closed - the developers withdrew user funds and disappeared, and the project website was disabled due to late payment for hosting.
As early as July 28, $2.13 million of user funds remained in the Kannagi Finance protocol. On July 29, the TVL of this DeFi project dropped to almost zero, and users lost over $2 million in various cryptocurrencies. The project code is not open and has not been tested by the community.
However, Kannagi Finance smart contracts have previously been audited by SolidProof. The audit took place on June 6th. SolidProof was founded in 2020 with the support of several companies from the cryptocurrency industry and inspires confidence.
In addition to the site, the project developers have deleted their Twitter account. User funds were withdrawn to several third-party addresses.
At the end of June, a similar act was made by the developers of the Chibi Finance project. They were able to withdraw over $1 million of client funds. In March, Harvest Keeper, the AI-powered DeFi application team, withdrew about $1 million in user funds.
As early as July 28, $2.13 million of user funds remained in the Kannagi Finance protocol. On July 29, the TVL of this DeFi project dropped to almost zero, and users lost over $2 million in various cryptocurrencies. The project code is not open and has not been tested by the community.
However, Kannagi Finance smart contracts have previously been audited by SolidProof. The audit took place on June 6th. SolidProof was founded in 2020 with the support of several companies from the cryptocurrency industry and inspires confidence.
In addition to the site, the project developers have deleted their Twitter account. User funds were withdrawn to several third-party addresses.
At the end of June, a similar act was made by the developers of the Chibi Finance project. They were able to withdraw over $1 million of client funds. In March, Harvest Keeper, the AI-powered DeFi application team, withdrew about $1 million in user funds.
