The GambleFi platform raised 420 ETH for a presale token but those funds have now disappeared.
The RiskOnBlast project, a gambling platform based on the Blast layer-2 ecosystem, is suspected of being the first rug pull on Blast following the disappearance of its funds, website, and social media presence.
According to Arkham Intelligence, RiskOnBlast balances have gone to zero after the funds appeared to have been siphoned out on Feb. 25.
The GambleFi project had raised 420 ETH worth $1.25 million for a presale token called RISK which began on Feb. 22 and ended the following day. However, the team has since moved funds in batches of DAI to ChangeNOW, a noncustodial crypto exchange.
