Luna Yield, a Solana-based yield farm incubated by SolPad on August 16 has turned out to be a MASSIVE SCAM.
The anonymous team at Luna Yield has deleted their website, Medium blog, and social media handles after they managed to run away with $8 million raised in their ICO. On-chain analysis shows the Luna Yield team executed multiple transactions transferred $8 million in WBTC, WETH, LUNY and USDT tokens out of the protocol.
Sources:
https://cryptobriefing.com/luna-yield-executes-first-major-rug-pull-on-solana/
https://www.reddit.com/r/solana/comments/p7q9cg/solanabased_project_luna_yield_turned_out_to_be_a/
