Dragoma gaming project on Polygon falls victim to rug pull

The developers of the Web3 game Dragoma built on the Polygon network implemented a rug pull scheme, PeckShield researchers reported. The DMA token price fell by 99.9%.

#PeckShieldAlert #rugpull Dragoma $DMA on polygon rugged. $DMA has dropped -99.7%.
The website https://t.co/2OJWlGqBtQ seems down and the social media channel deleted. The stolen funds seem like deposit into centralized exchanges. pic.twitter.com/ksJifCo0GH

— PeckShieldAlert (@PeckShieldAlert) August 8, 2022

Launched in June, the project was positioned as a Move-To-Earn (M2E) gaming application in the GameFi+SocialFi space. Its founder was Texas resident Ken Gris.

According to PeckShield experts, the Dragoma website is down, and social media channels have been deleted.

The DMA price peaked on August 7 at $1.81 (CoinGecko).

The stolen funds were reportedly sent to centralized exchanges, PeckShield noted. According to CoinDesk, their value was about $3.5 million.

Rug-pull $7.7 billion in cryptocurrencies stolen from users in 2021, according to Chainalysis.

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