Metaswap Gas incommunicado as experts connect MGAS price drop to rug pull

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Metaswap Gas incommunicado as experts connect MGAS price drop to rug pull

Metaswap Gas’ social media accounts were deleted following the unexpected drop in the MGAS price, supporting PeckShield’s claim that the rug was pulled.

Due to a 46.99 percent drop in the price of MetaSwap’s MGAS token, blockchain security firm PeckShield has warned investors of a possible rug pull. The Ethereum, Binance, and Polygon blockchains can all use the MetaSwap protocol to swap nonfungible tokens (NFTs).

All official Metaswap Gas accounts, such as Twitter, Instagram, and Medium, were deleted after the sudden price drop, supporting PeckShield’s claim of a rug pull.

Tornado Cash, an Ethereum non-custodial solution used to break the on-chain link between the sender and receiver, was used to transfer 1,100 Binance Coin (BNB) tokens worth nearly $602,000, according to PeckShield. This procedure makes it more difficult to find the missing money.

For the sake of avoiding further financial harm, PeckShield advises investors to cancel any existing Metaswap Gas contracts and stop staking the cryptocurrency.

Bent Finance confirms a pool exploit and recommends that investors take their money out of the account.

More than $600 million was stolen from a wide range of crypto companies in a single month in December alone as a result of various exploits. After confirming a pool exploit, Bent Finance proactively requested investors withdraw their funds on December 21.

Like other victims of the crypto community like Grim Finance, BitMart, and AscendEX, Bent Finance promised to return all of its investors’ funds. However, no official announcement has been made by the group regarding this:

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