Leaderboard
367All-time rank
KF
Kokomo Finance
Mar 27, 2023
$4.0M
Lost
$4.0M
Recovered
$0
Net loss
$4.0M
Unrecovered0% recovered
On March 26-27, 2023, Kokomo Finance developers initiated an exit scam, stealing ~$4M in user funds. The team manipulated the cBTC reward token contract, halted borrowing, converted the token implementation into a malicious contract, and removed all social media and website within days of launch.
- Target
- DeFi
- Classification
- Rugpull
- Technique
- Admin Drain
- Attribution
- Unknown
- Chains
Optimism
Event timeline
- Mar 27, 2023Exploit executed — $4.0M drained via admin drain
- Attributed to Unknown
- Recovery status Unrecovered 0%