Serval Finance ($500,000)
Serval Finance, a project run by Mad Meerkat Finance on the Cronos blockchain, turned out to be a rugpull, with at least one developer making off with about $500,000 in crypto.
In a post on Medium, MM Finance wrote that a “developer within the team went rogue, and stole funds.” And while the anonymous folks operating MM say that some of the funds have been returned to people who lost money, we here at Gizmodo can’t independently confirm that’s actually happened.
We’re just going to have to take their word for it.
