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.

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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