Solana Trading Platform Aqua Allegedly Conducts $4.65 Million Rug Pull
- Aqua reportedly drained 21.77k SOL, valued at $4.65 million, shortly after passing security audits.
- The platform claimed to have processed over $90 million in trading volume and promised revenue sharing through its AQUA token.
- A public sale raised $1 million in just 30 minutes, with endorsements from major Solana partners like Meteora and Dialect.
- Funds were allegedly transferred through multiple addresses before being moved to exchanges hours before the report was made public.
- Ethos Network CEO confirmed Aqua’s dissolution after the team ceased communication and deleted messages.
ZachXBT’s investigation into Aqua reveals a troubling pattern of fund movement leading up to the alleged exit scam, raising concerns about investor protection in the crypto space.
The incident highlights vulnerabilities within new projects as Aqua’s rapid fundraising efforts culminated in a significant loss for investors, emphasizing the need for caution in cryptocurrency investments.(Source)
