Specter Flags CodexField as a Potential $85M Rug Pull
The post Specter Flags CodexField as a Potential $85M Rug Pull appeared on BitcoinEthereumNews.com. 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 project’s deposit contract. The a