Scam Alert

ArbiSwap Rug Pull? Shocking Details Revealed About Suspected Arbitrum DEX Scam

Key Points:

  • ArbiSwap is suspected of being a rug pull.
  • ArbiSwap users have expressed their concerns on social media platforms, stating that the platform’s liquidity has suddenly decreased, causing the token’s price to plummet.
  • Rugdoc.io’s data, the price of ARBI has dropped by 100%. This sudden drop in price has caused alarm among users, as the token was trading at a relatively high price before the liquidity issues.
According to monitoring by DeFi security review agency, Rugdoc.io, ArbiSwap is suspected of being a rug pull.

The agency has advised users to withdraw their assets and revoke related rights as soon as possible. ArbiSwap users have expressed their concerns on social media platforms, stating that the platform’s liquidity has suddenly decreased, causing the token’s price to plummet.

ArbiSwap is a relatively new DEX that launched on the Arbitrum ecosystem, which is a Layer 2 scaling solution for Ethereum. The platform allows users to trade various tokens, including ARBI, its native token, and has gained popularity in recent months. However, the platform’s sudden liquidity issues have raised suspicions, leading to Rugdoc.io’s monitoring.

Rugdoc.io has become a prominent agency in the DeFi security space, providing risk assessments and security audits for DeFi protocols. The agency’s monitoring of ArbiSwap has caused panic among the platform’s users, who fear losing their assets. The agency has advised users to withdraw their assets and revoke related rights to minimize losses.

As per Rugdoc.io’s data, the price of ARBI has dropped by 100%. This sudden drop in price has caused alarm among users, as the token was trading at a relatively high price before the liquidity issues. Rug pulls have become a common occurrence in the DeFi space, and users must exercise caution when investing in new protocols.

In conclusion, the suspected rug pull of ArbiSwap by DeFi security review agency, Rugdoc.io, has raised concerns among the platform’s users. The agency’s monitoring has prompted users to withdraw their assets and revoke related rights to minimize losses. This incident serves as a reminder that DeFi protocols are not immune to fraudulent activities, and users must exercise caution when investing in them.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

2 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

4 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

5 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

8 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

11 hours ago

This website uses cookies.