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International Business Times
International Business Times
Business
Marvie Basilan

Blast Ecosystem Project RiskOnBlast Vanishes After Raising Over $1M

Blast Bybit MEXC Crypto
The Blast ecosystem has reportedly experienced its first rug pull project after a project the layer-2 platform endorsed earlier this month as having "undeniable" potential disappeared over the weekend. (Credit: Bybit/flickr.com)

KEY POINTS

  • SomaXBT said more than 750 investors invested in RiskOnBlast
  • Multiple crypto security firms said the funds were already deposited to various exchanges
  • There have been questions about whether Blast, being the endorser, should be held liable

A gambling and exchange project on Ethereum layer-2 platform Blast allegedly disappeared Sunday after raising hundreds of Ether (ETH) in what could be the first rug pull on the Blast ecosystem.

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