The Chibi Financial Project’s native token, CHIBI, has fallen 99% since reports emerged that the team behind the Chibi Financial Project stole over $1 million from various investors. This DeFi runs on Arbitrum's L2. CHIBI was quoted at $0,00964534 at the time of writing, down 5.1% over the past 24 hours. The coin has seen a 99,40% price drop over the past two days, reaching $1,62 on June 26.
Coin World previously reported that the Chibi Finance project was suspected to have a Rug Pull, and the cryptocurrency worth $1 million was exhausted. The stolen funds have been converted into approximately 555 ETH and transferred to Tornado Cash after bridging from Arbitrum to Ethereum
Coin World previously reported that the Chibi Finance project was suspected to have a Rug Pull, and the cryptocurrency worth $1 million was exhausted. The stolen funds have been converted into approximately 555 ETH and transferred to Tornado Cash after bridging from Arbitrum to Ethereum