Is ArbiSwap Rugging Its Own Users?

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A rug pull whistleblower has drawn attention to suspicious activities of the Arbitrum’s Decentralized exchange (DEX), ArbiSwap.

According to RugDocIO, ArbiSwap’s developer swapped the contract to a new address that contains a “recoverToken” function. The function “recover” users’ funds to the developer. The whistleblower has warned users not to interact with the website.

This is a developing story.

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BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

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