ZachXBT: Sorta Finance may have an exit scam, it is recommended not to use the protocol
ZachXBT posted on X platform that Sorta Finance may be involved in an exit scam and advises against using the protocol. It is reported that the fraudsters have previously used scams such as Magnate, Kokomo, Lendora, Solfire, Crolend, HashDAO to steal over $25 million. The protocol operates by forking Compound V2 on various EVM chains. It is said that once the protocol's TVL reaches a sufficient amount, they will suspend withdrawals/borrowing and restrict all users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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