Web3 Game Dragoma's Supporters fall Victim to $3.5M Rug Pull Scam

Blockchain analyst firm Peckshield highlighted a possible $3.5 million worth of rug pull scam by the newly launched decentralized gaming project on Polygon, Dragoma.

#PeckShieldAlert #rugpull Dragoma $DMA on polygon rugged. $DMA has dropped -99.7%.
The website https://t.co/2OJWlGqBtQ seems down and the social media channel deleted. The stolen funds seem like deposit into centralized exchanges. pic.twitter.com/ksJifCo0GH
— PeckShieldAlert (@PeckShieldAlert) August 8, 2022

At the time of writing, the official website and social media have been pulled down by Dragoma.

The blockchain sleuth suspected that the stolen funds might be transferred on a centralized exchange. The news of the rug pull caused a sharp fall of 99.8% in DMA tokens from its peak at $1.78.

The Dragoma project was founded by Ken Graese and has a plan to place itself as an adventure game in web 3.0 space. The game’s ecosystem also incarnated non-fungible tokens (NFTs) and DMA tokens.

Also Read: Jake Paul-shilled Animoon NFTs Turns into a $6.3M Rug Pull

DMA tokens were listed on the centralized exchange MEXC, which helped the project to accumulate millions of dollars.

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