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

??@Arbi_Swap is RUGGING its users!

Emergency withdraw https://t.co/FiD7vk929P
and revoke approvals ASAP! https://t.co/JLb7XQ5oay

MC: https://t.co/aTGWsxsbo9

Rug: https://t.co/Jz2iiZGP94 pic.twitter.com/J8xSPvlFzQ

— Rugdoc.io (@RugDocIO) March 2, 2023

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.

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