CandleFocus Major Scam Suspected in This Altcoin – Price Down 98 Percent Tonight
2024-10-26
Author: Content Editor
The Scroll ecosystem has faced controversy due to the suspected rugpull of Essence Finance, a stablecoin project on the network. Essence Finance's stablecoin CHI has plummeted over 98% in value in the last 24 hours, raising concerns that over $20 million in collateral may have been stolen. The incident has heightened worries about security in decentralized finance (DeFi), especially on layer-2 networks like Scroll. Meanwhile, Scroll released its SCR token via an airdrop, but the distribution received mixed reactions from recipients.
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