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ID:

yffi-498

Date:

Status:

Incident Count:

August 1, 2020

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:

None

Loss Amount:

30,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Protocol

Scams

Extended Method:

Rug Pull

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Days in Operation:

0

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YFII's hard fork project YYFI has completely become an "exit scam" in the early morning of August 1. From the very beginning, this project seems to be determined to prepare for its own run. Jongchan Jang, the creator of Yearn.Finance (YFI) fork Asuka token and a known person in Korean crypto community, is said to have exit scammed. Doo Wan Nam, MakerDAO’s business development associate in the Asia-Pacific region, tweeted that the creator appears to have sent his DAI holdings to Binance. Korean news outlets reported the news on Monday, saying that Jang has shut down the Asuka.Finance website as well as all its social media accounts.

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