Universe (UNIV) pulled the rug - this is what we know

DeFi project Universe, also known as UnivMoney, has apparently been exploited.

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Photo by Jeremy Thomas / Unsplash

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.

Chart of UNIV on dexscreener.com

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.

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.

Another Universe community moderator who is called Snappy also accused Cattyverse to be the accountable person behind the exploit:

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.


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