The OrdiZK cross-chain bridging protocol is embroiled in controversy as it allegedly executed an exit scam, vanishing with $1.4 million in ETH. The project's team reportedly drained tokens from the contract, leading to massive losses for investors. The project's website and social media accounts have been taken offline, and its native token OZK has plummeted by over 99% in value.
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ORDIZK PROJECT SUSPECTED OF EXIT SCAM, $1.4 MILLION SIPHONED: CERTIK The project's website and social media accounts have been taken offline, and its native token OZK has plummeted by over 99% in value. Source: CoinDesk https://t.co/lpMGLEnxRh
UPDATE: ORDIZK CROSS-CHAIN BRIDGING PROTOCOL ALLEGEDLY COMMITTED AN EXIT SCAM, AS INVESTORS FACE LOSSES OF $1.4M