What Does A DeFi Rug Pull Look Like: A Viking Swap Story

Written by jimqode | Published 2021/03/14
Tech Story Tags: defi | cryptocurrency-investment | yield-farming | defi-rug-pulls | viking-swap-scam | is-viking-swap-a-scam | defi-rug-pull-viking-swap | defi-top-story

TLDR Viking Swap was a clone of Goose Finance, which in turn seemed to have taken most of its contract code from SushiSwap. Viking Swap’s medium feed and telegram channel both displayed the same message titled “An Ode to Warriors” that announced devs have pulled the plug. The result was a frenzy of people trying to pull their liquidity assets from the Viking Swap pools. As VIKING token price headed for 0$, those who were hit the worst was the people who staked on the VIKING/BUSD pool. They were able to get a tiny fraction of what they put in if they were lucky.via the TL;DR App

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Written by jimqode | I'm a programmer interested in the Cryptocurrency project landscape
Published by HackerNoon on 2021/03/14