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2 months ago
Essence Finance’s Stablecoin Suffers Severe Decline Bitcoinhaber 26 Oct 2024

Essence Finance’s Stablecoin Suffers Severe Decline

Essence Finance’s stablecoin, CHI, experiences a dramatic 98% price drop, raising fraud concerns like a rug pull. Massive withdrawals of millions have sparked panic among investors.

Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations Bitcoin.com 26 Oct 2024

Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations

Essence Finance's stablecoin CHI fell 98% in value on Oct. 26, triggering rug pull accusations after $20 million collateral reportedly vanished.

Concerns Arise as Essence Finance’s Stablecoin Faces Major Price Drop Cointurk 26 Oct 2024

Concerns Arise as Essence Finance’s Stablecoin Faces Major Price Drop

Essence Finance's stablecoin CHI experiences a significant 98% price drop, raising concerns about the project's sustainability and prompting collateral withdrawals.

Scroll Ecosystem Stablecoin CHI Suspected Rug Pull As Price Crashes 98% Coingape 26 Oct 2024

Scroll Ecosystem Stablecoin CHI Suspected Rug Pull As Price Crashes 98%

Scroll ecosystem's stablecoin CHI crashes 98%, sparking investor concerns and rug pull suspicions, with millions removed from collateral.

Essence Finance’s CHI Stablecoin Crashes 92% Coinpedia 26 Oct 2024

Essence Finance’s CHI Stablecoin Crashes 92%

Essence Finance's CHI stablecoin collapsed 92% to $0.077, with allegations of a rug pull as $20 million in collateral reportedly disappeared. The project hasn't communicated since September 11, raising investor concerns.

Essence Finance’s CHI Stablecoin Crashes 92% Coinpedia 26 Oct 2024

Essence Finance’s CHI Stablecoin Crashes 92%

Essence Finance's CHI stablecoin has plummeted by 92% amid suspicions of a possible rug pull, with over $20 million in collateral allegedly gone. Last communication from the project was in early September, leaving investors wary of its reliability.

Essence Finance Rug Pull Suspected as CHI Drops 92% in 24 Hours Coincu 26 Oct 2024

Essence Finance Rug Pull Suspected as CHI Drops 92% in 24 Hours

Essence Finance is suspected of a rug pull as its CHI token plummets 92% in 24 hours, with over $20 million reportedly withdrawn. The last project update was on September 11.