June 15, 2024

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Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH

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Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws .5M in Previously Locked ETH
Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws .5M in Previously Locked ETHOn June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing the blockchain security firm Solidproof’s Know Your Customer (KYC) process. Zksync’s v24 Upgrade The layer two (L2) Ethereum blockchain scaling protocol, Gemholic, faced allegations of […]