DeFi project Meerkat Finance is suspected of the largest exit | DeFi - news, reviews, articles

DeFi project Meerkat Finance is suspected of the largest exit scam on the Binance Smart Chain platform

The developers of Meerkat Finance announced the hack a day after the launch of the smart contract. After that, they stopped communicating, and the website and social networks of the project became unavailable. The damage is estimated at $ 32 million in BNB and BUSD coins. Binance crypto exchange announced the beginning of an investigation.

DeFi on Binance Smart Chain are often replicas of Ethereum projects. The developers of the latter are unhappy with this and point out that it is one thing to use open source and quite another to steal their business model