Contents
- 1 Ethereum Layer-2 Network Scroll Faces Turmoil Amid Allegations of Rug Pull on Stablecoin Project Essence Finance
- 1.1 CHI Stablecoin Plummets Following Misappropriation Concerns
- 1.1.1 Essence Finance’s CHI stablecoin experienced a drastic 98% drop, hitting $0.077 amidst suspicions of collateral mishandling, causing investor unease.
- 1.1.2 The project’s lack of recent updates and scrutiny on its audit report raise questions about DeFi security vulnerabilities in evolving networks like Scroll.
- 1.2 Scroll Launches SCR Token Through Airdrop, Receives Mixed Responses
- 1.2.1 The eagerly anticipated SCR token airdrop by Ethereum’s layer-2 network Scroll led to excitement among recipients, though feedback was varied.
- 1.2.2 Allocation of 5.5% of the total SCR supply to early supporters and active users through Scroll Marks and specific criteria bonuses characterized the token distribution strategy.
- 1.1 CHI Stablecoin Plummets Following Misappropriation Concerns
Ethereum Layer-2 Network Scroll Faces Turmoil Amid Allegations of Rug Pull on Stablecoin Project Essence Finance
CHI Stablecoin Plummets Following Misappropriation Concerns
Essence Finance’s CHI stablecoin experienced a drastic 98% drop, hitting $0.077 amidst suspicions of collateral mishandling, causing investor unease.
The project’s lack of recent updates and scrutiny on its audit report raise questions about DeFi security vulnerabilities in evolving networks like Scroll.
Scroll Launches SCR Token Through Airdrop, Receives Mixed Responses
The eagerly anticipated SCR token airdrop by Ethereum’s layer-2 network Scroll led to excitement among recipients, though feedback was varied.
Allocation of 5.5% of the total SCR supply to early supporters and active users through Scroll Marks and specific criteria bonuses characterized the token distribution strategy.
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Disclaimer:
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
