Bitcoin Bridge OrdiZK Suffers Apparent $1.4M Rug Pull, Token Crashes to Zero: CertiK
Summary
OrdiZK, a project aimed at bridging Bitcoin, Ethereum, and Solana blockchains, has allegedly conducted an exit scam, siphoning over $1.4 million from different wallets, as per blockchain security firm CertiK. The OrdiZK website and social media accounts have been deactivated, and its native token (OZK) has lost over 99% of its value. CertiK claims OrdiZK executed the scam by selling tokens and using an "emergencyWithdraw" function to extract ether (ETH) from the project. The extracted ether was distributed across three wallets. The project was initially designed to facilitate the transfer of BRC-20 tokens to ERC-20 and vice versa. OrdiZK reportedly obtained ether by imposing a sales tax throughout its life cycle.
