Arbix Finance
Rug PullDeFi · born 2021 · ✝ 2022
An audited BSC yield farm that drained its own contracts.
Arbix Finance was an auto-compounding yield protocol on BNB Chain that had been audited and promoted as legitimate. In 2022 its operators minted tokens and drained the contracts for roughly $10M before vanishing.
- Peak
- ~$10M drained
- Cause
- Rug Pull
- Year of death
- 2022
☠️ Cause of death
The team used privileged minting and withdrawal functions to drain the protocol's contracts in an exit scam.
📓 Lessons left behind
- —An audit is not proof the team is honest.
- —Privileged mint functions are a rug switch.
- —Watch who controls the admin keys.
🌱 The idea that survived
Audit literacy
Reinforced that audits cover code, not founder intent, and that admin powers must be constrained.
#rug#bsc#yield#admin-key