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ZachXBT: Sorta Finance may have an exit scam, it is recommended not to use the protocol

2024-07-25 12:04
Odaily News ZachXBT posted on the X platform that Sorta Finance may have an exit scam and it is recommended not to use the protocol. It is reported that the relevant fraudsters have previously used scams such as Magnate, Kokomo, Lendora, Solfire, Crolend, HashDAO, etc. to steal more than 25 million US dollars. It is reported that once the TVL of the protocol reaches a sufficient amount, they will suspend withdrawals/borrowings and restrict all users.