OrdiZK Exit Scam: Unraveling the $1.40M Deception

Tuesday, 5 March 2024, 21:00

Discover how the OrdiZK BRC-20 project orchestrated a $1.4 million rug pull by dumping tokens and extracting Ethereum. The exit scam caused significant price slippages and eroded investor confidence, leading to a total loss of $1 million in stolen gains. Learn more about the aftermath and the ongoing investigative efforts in the crypto community.

OrdiZK Exit Scam Unveiled

The OrdiZK BRC-20 project orchestrated a deceitful exit scam, resulting in significant losses for investors. This unethical behavior involved token dumping and extracting funds under false pretenses, causing chaos in the project's ecosystem.

The Impact

The scam: The deployer sold off 489 million OZK tokens, leading to disastrous price slippages.
Stolen funds: The deployer now holds over $1 million worth of ETH, highlighting the severity of the deception.
Online disappearance: OrdiZK deleted its online presence, leaving investors bewildered and at a loss.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.