Following a $2 million exploit, prospective customers of an Arbitrum-based decentralized finance (DeFi) project are now out of pocket. On February 21, the incident was reported by Web3 security company CertiK in response to a tweet from the Hope Finance account warning customers of the fraud. Hope Finance Fraud Carried Out Shortly After The Project Launch It is challenging to find specifics on the project. The platform announced its plans for an algorithmic stablecoin dubbed Hope token (HOPE), which dynamically regulates its supply in relation to the price of Ether, on Twitter in January 2023. Entries on the account claim The post Hope Finance Fraud Sees $2M Stolen From Its Users’ Funds appeared first on Cryptoknowmics-Crypto News and Media Platform .
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