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Cronos-Based Algorithmic Lending Protocol Rug Pulls $600K From Users

CroLend, presenting itself as an algorithmic, autonomous lending protocol built on top of the Cronos network, has deleted all social media pages, the website doesn’t work, and its TVL has been drained to $0.

This prompted the community to argue that this is the latest example of a rug pull in the space.

According to DeFiLlama, the Total Value Locked on CroLend Finance has plummeted to $0 after peaking at almost $600,000 earlier.

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