DeFi Protocol Sparks Speculation Of $16 Million Rug Pull After Severing Lines of Communication | Headlines | News | CoinMarketCap

07/28/2023 18:13
DeFi Protocol Sparks Speculation Of $16 Million Rug Pull After Severing Lines of Communication | Headlines | News | CoinMarketCap

DeFi protocol, Hector Network, has closed its official Discord server, leaving many investors in the dark. The move comes amidst growing suspicions …

DeFi protocol, Hector Network, has closed its official Discord server, leaving many investors in the dark. The move comes amidst growing suspicions of a $16 million rug pull engineered through a so-called hard rug, a process where funds are quickly moved, leaving investors with shitcoins. This comes after a controversial rage-quit vote organized by the project’s DAO. 

DeFi Protocol Hector Network Leaves Investors In Limbo

Hector Network investors woke up to the news that the DeFi protocol had cut off communications on its official Discord server. The Discord server was the only means of communication between the network’s team and its investors which was established after the Hector Network team censored them from the official server in April. 

The server was meant to run …

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