Kannagi Finance's TVL drops to $0.17 in apparent rug pull

Quick Take

  • Decentralized yield aggregator Kannagi Finance appears to have rug pulled for over $2 million.
  • SolidProof completed the project’s audit in June.

Kannagi Finance's official website appears to have expired in what many allege is a rug pull. 

The decentralized yield aggregator's total value locked has dropped from $2.13 million to $0.17, according to data from DeFiLlama. 

The project also seemingly deleted its social media accounts.

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German blockchain security firm SolidProof completed Kannagi Finance's audit on June 6. SolidProof did not immediately respond to a request for comment.


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