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ID:

tomb-finance-253

Date:

Status:

Incident Count:

September 3, 2021

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

Obelisk

Loss Amount:

8,000,000

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Recovered:

-

Rewards:

Currency:

USD, FANTOM, TOMB

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Fantom

Protocol

Yield

Scams

Extended Method:

fake web site

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Days in Operation:

531

(1.45 Years)

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The Tomb Finance token TOMB, an algorithmic stablecoin project linked to the Fantom ecosystem and FTM, had the biggest drop of 77% yesterday, and was suspected of being attacked by the community. In this regard, Tomb Finance stated that it used to collect service fees when selling TOMB. The mechanism Gatekeeper was used by a third party, which led to panic selling, but the project was not attacked and no funds were stolen. Tomb Finance explained that the team has disabled the Gatekeeper mechanism and is currently discussing future development plans. The developers have not given up on the project's plan. Approximate loss between $8m and $10m in FANTOM token.

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