Stablecoin Project Essence on Scroll Rugged, CHI Plummets 97.78%
WikiBit 2024-10-29 17:32
Collateral worth over $20 million has been withdrawn, causing the price of CHI to plummet.
The decentralized stablecoin project Essence Finance, built on the Scroll ecosystem, has experienced a rug pull. Its USD-pegged stablecoin CHI has dropped 97.78%, currently priced at 0.0022917 USDC. Collateral worth over $20 million is suspected to have been withdrawn. The projects last tweet was posted on September 11.
Disclaimer：
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiBit Exchange
Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom？
WikiBit 2026-07-03 09:00Securitize gains on NYSE debut with tokenized stocks live on Solana, Avalanche
WikiBit 2026-07-03 12:01Strategy will be ‘less important’ in Bitcoin after STRC incident: Bitwise
WikiBit 2026-07-03 12:02Teen ‘Scattered Spider’ suspect extradited to US over $8M crypto ransom
WikiBit 2026-07-03 15:00Symbiotic officially pivots to collateral markets with Core V2 launch
WikiBit 2026-07-01 20:00XRP утримується понад $1 після ліквідації позицій із кредитним плечем, оскільки активність мережі покращується
WikiBit 2026-07-01 22:27Kalshi hit with 14-day restraining order in Michigan, blocking sports prediction markets in state
WikiBit 2026-06-30 17:23Ripple, Coinbase among top donors in crypto's $189 million election spending: report
WikiBit 2026-07-01 18:49Bitso unveils the 'Hybrid Finance' era as stablecoins reshape global payments
WikiBit 2026-07-02 04:00Europe's MiCA rollout sparks debate over who wins under new crypto rules
WikiBit 2026-07-01 22:23- Crypto token price conversion
- Exchange rate conversion
- Calculation for foreign exchange purchasing
0.00