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Home»DeFi»Orbiter Finance allays rug pull accusations, says Discord blocked its account
DeFi

Orbiter Finance allays rug pull accusations, says Discord blocked its account

October 3, 2023No Comments2 Mins Read

The team behind the decentralized cross-bridge rollup Orbiter Finance said that customers’ money is safe and explained the cause of Discord’s disappearance.

“Orbiter bridge works very well and has no security issues. The transaction may fail due to network instability or if the sender removes the target network identifier when sending the transaction. We will resolve these failed transactions as soon as possible,” Orbiter said. wrote on the social media platform X.

Orbiter’s statement comes after a few users questioned why some transactions weren’t going through and why the Orbiter team wasn’t responding, leading some to accuse Orbiter of pulling the rug.

A crypto analyst known as DeFiyst noted that Obiter’s system adds the last four digits of the transaction amount and then uses those four digits to determine the recipient chain. If a user manually changes the transaction amount, this can cause problems. They speculated that this could be the cause of the problems.

Account deleted on Discord

“Orbiter’s Discord is safe, but Orbiter’s Discord account is blocked by the Discord team for no reason,” Orbiter added. “We have attempted to contact the Discord team to appeal, which is why Orbiter’s account appears as a ‘deleted account’ in our channel.”

Orbiter concluded by confirming that the bridge and community are safe.

Orbiter Finance allows users to trade Ethereum native assets across a variety of protocols, including Base, Arbitrum, Polygon and Immutable X, quickly and at low fees.



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See also  OKX Wallet Integrates Levana Protocol for Enhanced Decentralized Finance Access
Account accusations allays blocked Discord Finance Orbiter pull rug

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