Ethereum-basically basically based DeFi protocol Ordinals Finance deleted its on-line presence after emptying its smartly-organized contracts.

Blockchain safety firm CertiK alerted customers to an exit scam orchestrated by Ordinals Finance on April 24. An exit scam, or rug pull, is when a project’s creators abscond with their investors’ funds by draining all liquidity.

Ordinals Finance is an Ethereum-basically basically based protocol that claims to facilitate the borrowing and lending of Bitcoin Ordinals inscriptions, despite the indisputable fact that the two don’t have any loyal association. The project has now deleted its social media presence, including its loyal Twitter handle and web space.

On-chain records exhibits that the Ordinal’s deployer address pulled 256 million OFI tokens from the project’s smartly-organized contracts and swapped them for ETH by blueprint of more than one transactions. Yet every other 13 million OFI tokens had been withdrawn by blueprint of an “ownerRewithdraw” purpose, which seemingly allowed the deployer address to drag the total staked tokens from the contract.

CertiK reported that the total loss from the rug pull became once 550 ETH, rate around $1 million. The funds are basically being laundered by blueprint of coin mixer Tornado Cash, basically basically based on on-chain records.

Ordinals Finance’s native token OFI had a market cap of $2.3 million as of Monday, but a 95% mark decline that adopted files of the exit scam seemingly made the funds drained rate nearer to CertiK’s estimates.