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Polygon-Based Web3 Game Dragoma Supporters Fall Victim to $3.5M Rug Pull: PeckShield
The funds have been siphoned out of the project and into centralized exchanges.
Updated May 11, 2023, 6:47 p.m. Published Aug 8, 2022, 8:28 a.m. 1 min read
The newly launched Dragoma project appears to have been subject to a rug pull worth an estimated $3.5 million, according to blockchain sleuth PeckShield.
#PeckShieldAlert #rugpull Dragoma $DMA on polygon rugged. $DMA has dropped -99.7%.
— PeckShieldAlert (@PeckShieldAlert) August 8, 2022
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
- Dragoma, which launched just days ago, had said it planned to become a Web3 adventure game that incorporated non-fungible tokens (NFT) and elements of social media alongside its native token, DMA.
- The token, which was created on the Polygon network, was recently listed on centralized exchange MEXC, generating millions of dollars in volume.
- The project's website is not responding and its social media channel has been deleted, PeckShield said.
- At its peak, the DMA token reached $1.78. It tumbled Monday morning, losing 99.8% of its value.
- The missing funds have been moved to centralized exchanges, according to PeckShield.
- The founder of Dragoma is Texas-based Ken Graese, according to a June press release.
- Dragoma did not immediately respond to CoinDesk's request for comment.
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