- MaxAPY Finance Project is rug pulled now, it has already deleted all its social media accounts.
Below is a quick overview of this project.
MaxAPYFinance has described itself as the transformation in DeFi space with the 3.0 DeFI yield farming protocol, which delivers the industry’s highest fixed APY, rebasing rewards every 3 seconds, and a simple buy-stake-hold-earn system that grows our portfolio in our wallet very quickly.
MaxAPY’s contract owner has transferred around 1042 BNB, equivalent to $440K. Here is the link of this transaction. Its native token, i.e., MaxAPY, is dropped by 67%. Here is the contract address: https://bscscan.com/address/0xcb6CD204D783DC8d66896A6DEf5867d332228D7b.
Here is an official statement from the Telegram Group Admin, which is closed as of now.
Cases of Rug Pulls are increasing nowadays as many countries are moving towards crypto adoption. So scammers are also growing in this space. Developers create a project and then abandon it with the investors’ money. So, we recommend our readers stay alert and perform good research while buying crypto and NFTs.
Here are some other Rug-Pull Scams our readers should know about:
- Cardinal DeFi Rug Pulled, Around $50K worth of Juno Stolen
- ElonMoonSpace Project Rug-Pulled, Around $171K Lost
- Crypto Klash Rug Pulled, Around $340K Stolen