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Market News

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

The platform took down the website and social media accounts.

Written By:
Rajpalsinh

Last updated: August 8, 2022 12:00 PM
Published 2022-08-08
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Last updated: August 8, 2022 12:00 PM
Published 2022-08-08
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.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Rajpalsinh
Meet Rajpalsinh, a Content Writer at The Crypto Times, where his magical hands, with over 2 years of experience, transform the cryptic world of crypto into laughably simple tales.

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