The OrdiZK protocol team is suspected of an exit scam for $1.4 million
OrdiZK developers have leaked millions of OZK tokens and deleted the project's accounts on all social networks. This was noticed by the experts of the CertiK blockchain security platform.
![The OrdiZK protocol team is suspected of an exit scam for $1.4 million](/content/images/2024/03/bic_scammer_negative_eye_laptop_digital_screen.jpg.webp)
According to CertiK, on March 4, the account of the protocol deployer sold 489 million OZK on the decentralized exchange (DEX) Uniswap for $132 thousand. As a result of the sale, the price of the token collapsed by 98%.
The next day, the deployer repeated the same pattern and the cost of OZK collapsed by an additional 99%.
Subsequently, the intoxicated account called the "urgent withdrawal" command (from the English emergencyWithdraw) to withdraw Ethereum (ETH) from the project. Assets in the second cryptocurrency totaling $1.4 million were in three wallets belonging to the OrdiZK team.
After suspicious transactions, all OrdiZK social media accounts were deleted. When trying to switch to the project profile in X (ex. "Twitter") a message appears stating that such a user does not exist.