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Home ยป RiskOnBlast, a GambleFi platform based in Blast, is said to have scammed presale participants out of $1.3 million.

RiskOnBlast, a GambleFi platform based in Blast, is said to have scammed presale participants out of $1.3 million.

Blast has stated that the RiskOnBlast project had "undeniable" potential in an X post from February 13. Blast was not immediately available for more comment.

by V. Sinclair
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RiskOnBlast, a gambling startup located in blast, is accused of having defrauded investors on February 25 by withdrawing all of the funds after raising 420 ether, or $1.29 million, during a token presale last week. Additionally, its social media pages and website have vanished.

RiskOnBlast appears to syphon off money from over 750 victims, according to blockchain fraud expert SomaXBT, who made this revelation on X on Sunday. The stolen money has now been transferred to MEXC, Bybit, and ChangeNOW.

One of the competitors in Blast’s Big Bang competition was the cryptocurrency gambling site RiskOnBlast. The competition gives web3 projects the opportunity to be listed on its mainnet upon winning.

Known as “Pacman,” Blur NFT marketplace founder Tieshun Roquerre created the Ethereum Layer-2 project Blast. According to DeFiLlama statistics, it raised money from a number of investors, including Standard Crypto and Paradigm, and has a locked-in total value of nearly $2 billion.

Blast has stated that the RiskOnBlast project had “undeniable” potential in an X post from February 13. Blast was not immediately available for more comment.

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