The Binance Smart Chain-based project did rug pull.
The more attention the #DeFi sector and NFTs get, the more people want to defraud people behind these projects. #Binance #Smart #Chain decentralized application and exchange have also faced such a scary accusation lately.
🚨TurtleDex Has Been Scammed
In fact, it all started on March 20, when the Binance Smart Chain-based #TurtleDex withdrew all the liquidity from the pools. In popular exchanges such as #PancakeSwap, all #TTDX-based liquidities were withdrawn, bringing the dreaded scenario to mind.
The closure of TurtleDex's website and telegram group also strengthened this claim and the dreaded scenario turned out to be real. In the post shared by Jet Fuel BSC, one of the partners of #TurtleDex, it was emphasized that TTDX made an exit scam.
🚨Funds Withdrawn from Anywhere and Sent to Binance
In the statement made by Jet Fuel BSC, it was emphasized that they were affected as much by this incident and that Binance was contacted to freeze the funds. In the post shared by DeFi Stalker, it is clearly seen that all TTDXs in the liquidity pools were withdrawn.
🚨Although the related DeFi project is based on Binance Smart Chain, it is in the DeFi class and its founders are not affiliated with Binance. Some users hold Binance responsible for this and request a refund from Binance.
Although Binance has not made a statement about the issue yet, it can be said that it will not make a refund on this project. In addition, users transfer some funds to Binance wallets, suggesting that the funds may be frozen.
✴️Will Binance Freeze Funds?
Funds previously sent to Binance by fraudsters were frozen by Changpeng Zhao and returned to victims or authorities. There was no such development regarding Meerkat Finance, the first rug pull project seen on the Binance Smart Chain network. In fact, this is due to the fact that users did not send the funds to Binance wallets.
After Meerkat Finance, about 2.5 million dollars of profits have been made now, which may cause DeFi projects to fall out of favor or to be approached much more carefully. In fact, it is useful to approach DeFi projects more carefully than ever before, when there are no regulations. These can promise a lot of earnings in a short time, as well as seize all your funds within a few hours.