The “AI-based” Harvest Keeper decentralized application (dApp) recently caused a major controversy when it “rug-pulled,” or abruptly terminated its operations. However, this led to the draining of an estimated $1 million worth of funds from unsuspecting users. The dApp was built on the Ethereum blockchain and promised to offer users a new way to obtain high returns through automated yield farming.
Reports of a possible rug-pulling scam by the AI-based decentralized application (dApp) Harvest Keeper are starting to surface. Several leading crypto security firms, such as CertiK, have taken to Twitter to caution users.
The caution was against interacting with any of the project’s URLs and websites, alleging that the developers behind Harvest Keeper have made away with an estimated $1 million in user funds. These firms are warning people to avoid engaging with any of the URLs associated with the project. This is to help protect their investments.
CertiK recently released a statement revealing that the Harvest Keeper contract had been drained of over $700,000 in USDT. The funds were allegedly transferred to an unknown address using a privileged getAmount function. However, indicating that the perpetrator had access to the codebase and was able to exploit it for their own financial gain. This represents a major security breach and highlights the need for developers to be extra vigilant when deploying public contracts.
However, its developers failed to deliver on their promises, leaving many people needing access to their money. This incident has raised serious concerns about the reliability of specific AI-based decentralized applications. However, it has also driven home the importance of exercising caution when investing in them.
Users Struggling to Recover Funds
The crypto community is up in arms over the recent development. Many users desperately seeking a way to recover their lost funds. Investors have taken to social media to plead with Binance CEO Changpeng Zhao for assistance.
However, others have been warning against clicking any of the links allegedly provided by Harvest Keeper, which they claim will help them get their money back. It’s an unfortunate situation that has left many feeling helpless and with no hope of retrieving their hard-earned funds.
