Mysterious withdrawals from LENX’s treasury have raised concerns about an ongoing slow rug pull on the protocol.
Rumors of a slow rug pull involving liquidity protocol LENX are flooding social media channels as the community speculates about unexplained transfers of tokens worth millions of dollars.
According to reports from pseudonymous X user AstroBoy and Etherscan data, LENX Finance’s founders, John Kim and a person simply known as Paul, had transferred over $10 million worth of treasury assets to a Binance account without clear justification, draining LENX wallets.
On the protocol’s Discord server, users have complained about the lack of communication since the transactions were first spotted on March 26, along with consistent transfers to Binance and messages about the suspicious withdrawals being removed.
