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Detail Analysis

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Date:

Status:

Count:

February 28, 2021

Unverified

1

Contributor:

zerofriction.io

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KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

850,000

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Recovered Amount:

-

Currency:

Dollars, ARMOR

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Insurance

Scams

Extended Method:

Scam

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DeFi Insurance Agreement The Armor team claimed that some team members were scammed by OTC and were defrauded of 1.2 million ARMOR tokens. The scammers have already dumped all tokens for a profit of 600 ETH (approximately US$850,000). The Armor team disclosed that the scammers pretended to be strategic investors on social media, falsely claiming to purchase tokens from the team through OTC, defrauded 1.2 million ARMOR tokens in OTC transactions, and then sold them. According to the Armor team, "No hacking, the project is still safe."

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Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.