Chibi Finance Rugs $1 Million In Crypto From Arbitrum Users

The Chibi Finance team disappeared overnight in what seems like a rug pull, PeckShield noted.555 Ether (ETH) worth around $1 million was drained from the project’s liquidity pools and deposited into the crypto mixer Tornado Cash.The team’s social media accounts and websites also mysteriously vanished, leaving users with no access to the people behind the project. Crypto project Chibi Finance which runs atop the Ethereum Layer 2 scaling protocol Arbitrum allegedly rugged its users and disappeared with around $1 million in Ether (ETH).