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🚀 Essence Finance Suspected Of Rug Pull As Stablecoin CHI Plummets

According to PANews, Essence Finance, a stablecoin project within the Scroll ecosystem, is suspected of executing a rug pull. Over the past six hours, the stablecoin CHI has experienced a dramatic decline of 93.94%, dropping to $0.06. It is suspected that collateral worth over $20 million has been removed. The last tweet from the official Twitter account was posted on September 11.

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