The Swaprum incident: Audited DeFi protocol dupes investors out $3m

Yesterday, a shockwave passed through the decentralized finance (DeFi) industry as Swaprum, a decentralized exchange based on the Arbitrum blockchain, allegedly made off with about $3 million of investor funds. Swaprum, known for promising potential annual percentage yields up to 100% and offering high farming rewards and low swapping fees, recently attracted over 22,000 wallets ... Read more