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The Multichain bridge debacle, seems it was a rugpull from what I'm reading now.

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Badablingg
Where did you read it?

I just shared it. We just found the code which they used to rug. It was a built-in backdoor from day 1.

raccoon [ eusd.fi ]
I just shared it. We just found the code which the...

It's still far from proof as we don't know who did the moves and for what reason

CryptoDaz (Darren)
It's still far from proof as we don't know who did...

The fact that the code allowed any amount to be withdrawn disguised as fee revenue is the proof.

raccoon [ eusd.fi ]
The fact that the code allowed any amount to be wi...

It's not new news, it was discussed a couple of weeks ago https://twitter.com/spreekaway/status/1678445945548152847?t=S3WzaDQFN_yohhER6QMNig&s=19

CryptoDaz (Darren)
It's not new news, it was discussed a couple of we...

Well, if this would have been told to users earlier, nobody would be waiting for any Chinese arrest confirmation.

raccoon [ eusd.fi ]
I just shared it. We just found the code which the...

I have a noob question. Can a rug pull function be added at anytime in smart contracts? Or are they added at first when contract is deployed? I don't get how in many cases a team can rug pull protocol funds when in theory smart contracts are descentralized and govern by majority of tokens.

LeitonDuc
I have a noob question. Can a rug pull function be...

Yes and no. Smart contracts are immutable, meaning they cannot be changed, however you can deploy a proxy contract which makes you contract upgradable, so you can "add" new functions later. I simplified the explanation.

raccoon [ eusd.fi ]
Well, if this would have been told to users earlie...

Only if everyone accepts your conclusion 100% with no other possible explanations

CryptoDaz (Darren)
Only if everyone accepts your conclusion 100% with...

When we will have proof of the arrest then this will look far better, now it just looks like a rug contract.

Richard The Wizard
dam it was planned then

Could just me very poor code that's always been there and at this stage don't know who used it to move funds and for what reason

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