Another Rug Pull Case: Token’s Value Dropped One Hundred Percent!

The “Rug Pull” actions, one of the most scandalous cases in the crypto industry, continue, this time in ArbiSwap.

ArbiSwap is a new countable DEX that offers Layer-2 solutions for Ethereum (ETH). ArbiSwap allows trading of its platform’s own token, ARBI, and many tokens. ArbiSwap, which has been gaining popularity lately, is currently facing a liquidity problem. The events, on the other hand, caught the attention of Rugdoc.io, a popular company that conducts risk analyzes for DeFi protocols. Rugdoc.io warned investors by sharing this scandalous event on its own social media account.

ArbiSwap’s Native Token ARBI, Completely Done

Rugdoc.io, the popular company that provides security and risk analysis to DeFi platforms, reported that ARBI, the native token of ArbiSwap, lost 100 percent in value, according to the data it published. This sudden drop in price has caught the attention of both the crypto market and investors. In particular, ArbiSwap users are completely victimized.

Rugdoic.io touched on the illegal situations in the crypto industry on its social media posts. Rugdoc.io specifically issued warnings for Rug Pull events that exhibited a total collapse.