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ID:

bribe-protocol-1189

Date:

Status:

Incident Count:

September 2, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

Trail of Bits

Loss Amount:

5,500,000

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Recovered:

-

Rewards:

Ticker:

USD, BRIBE

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Picasso Parachain

Protocol

Token

Scams

Extended Method:

Rug Pull

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Days in Operation:

458

(1.25 Years)

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Bribe Protocol announced that it is winding down operation after raising $5.5M including a private sale of 1.02M BRIBE tokens. Bribe creates DAO infrastructure tooling to reward protocol participation. Bribe V1 introduces Voter Extractable Value (VEV) to coordinate and auction powerful coalitions of DAO votes. Bribe users stake their governance tokens in protocol-specific pools to earn income. Bidders borrow the staked votes to support or reject governance proposals.

According to ZachXBT, the project just went dark. There are no posts on the project's Twitter account since May, their Medium page has been untouched since March.

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