Specter Flags CodexField as a Potential $85M Rug Pull
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On-chain investigator Specter flagged CodexField as a potential $85M rug pull after tracing project-linked activity across blockchains, highlighting crypto and DeFi security risks. Specter traced $17.3M in USDT moved from TRON to Ethereum and converted to DAI via Bitget Swap on Polygon, with $6.5M already moved and $10.8M still linked to tracked wallets, and noted BNB Chain had previously promoted CodexField after its 2023 Hackvolution win, increasing scrutiny over cross-chain fundraising and token legitimacy.
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- On-chain investigator Specter flagged CodexField as a potential rug pull tied to $85M in activity.
- Specter traced $17.3M moving from TRON to Ethereum, with $10.8M still linked to tracked wallets.
- BNB Chain previously promoted CodexField after its 2023 Hackvolution hackathon win.
On-chain sleuth Specter has flagged CodexField as a potential rug pull after tracing more than $85 million in project-linked activity across blockchains.
The alert followed the movement of $17.3 million in USDT from TRON toward Ethereum before conversion into DAI through Bitget Swap on Polygon. Specter said $6.5 million had already moved, while another $10.8 million remained linked to the tracked wallets.
Cross-Chain Transfers Put Project Wallets Under Scrutiny
According to the investigation, the funds originated from Ethereum about six months earlier via a wallet linked to the pr…
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Coins
$ 1.80K
-0.38%$ 0.331
+0.34%$ 0.99936
0%$ 573.26
-1.02%$ 0.99956
-0.09%Funds
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