initial DEX product
The Solana chain has experienced its first carpet pull. Luna Yield ($LUNY) is a revenue aggregator launched through the Solana launchpad "SolPad", which has disappeared and is a variety of digital currencies worth about 10 million U.S. dollars. Luna Yield advertises itself as a legal project that can aggregate and optimize yield agriculture for its users; it is even supported by the famous Solana-based project launchpad "SolPad", which enables projects that submit "qualified documents" Raise funds through its initial DEX product (IDO) on the Solana-based decentralized platform. Although Luna Yield submitted "qualified documents", its attitude towards investors was indifferent. Before the August 16 fundraising, Luna Yield appeared to be legitimate. Three days after its IDO, Luna Yield sent the funds it raised to the hybrid service Tornado Cash to make it untraceable, and then it closed its website and all social media accounts-no one was able to contact the Luna Yield team.
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