Universe (UNIV) pulled the rug - this is what we know
DeFi project Universe, also known as UnivMoney, has apparently been exploited.
Investors and community members of the DeFi project Universe as well as the DeFi community as a whole where hit with the news of once another rug pull in this space.
Apparently, the contract of the project was hit with an exploit that allowed the person to mint unlimited UNIV in order to drain the whole liquidity.
The rug pull is the deathblow to Universe after the price of UNIV retraced around 99% in the last months already.
Twitter was flooded with heated discussions around this rug pull.
Cattyverse, which is an anonymous Twitter account that apparently is the founder of Universe acted surprised and shocked with the exploit. The person behind the account went ahead and accused a former developer that apparently still had access to the contracts.
i honestly have no idea what we are going to do to make this right, we have invested so much time and money in this project it hurts
— cattyverse (@cattyverse) April 25, 2022
we still have 50k in avax from the treasury, we are actively trying to find ways to recover the funds and find a solution moving forward
Other people, including Universe's community moderator named OGSnowbound, weren't convinced by Cattyverse's tweets and accuse the person behind the account to be the exploiter themselves. The former community moderator went ahead and also said that Cattyverse was lying in their Twitter statement regarding the rug pull.
It’s hilarious you keep calling me dumb, yet somehow you allegedly managed to allow some bad actor to destroy your entire project through negligence in security. If I’m so dumb what’s that make you, exactly?
— OGSnowbound.avax 🔺🪐🐉 (@OGSnowbound) April 25, 2022
Another Universe community moderator who is called Snappy also accused Cattyverse to be the accountable person behind the exploit:
I am heartbroken.@cattyverse is a liar, a thief, and a fraud.
— Snappy (@visax15) April 25, 2022
Below is my (Snappy) account of what happened. pic.twitter.com/wP9WBr5D6B
However, it still remains unclear if Cattyverse was playing an active role in this malicious attack or not.
In the meanwhile, multiple personas known within the DeFi space tried to get hold of the remaining 666 AVAX in Universe's treasury in order to redistribute them back to holders of UNIV.
Universe was a DaaS project offering high yield for investing on the Avalanche blockchain.
