Hack history / 2021 / Fraud
Armor
Fraud on Feb 28, 2021 · Scam
ONE SOURCE · 1 SOURCE
Lost
$850K
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
DeFi Insurance Agreement The Armor team claimed that some team members were scammed by OTC and were defrauded of 1.2 million ARMOR tokens. The scammers have already dumped all tokens for a profit of 600 ETH (approximately US$850,000). The Armor team disclosed that the scammers pretended to be strategic investors on social media, falsely claiming to purchase tokens from the team through OTC, defrauded 1.2 million ARMOR tokens in OTC transactions, and then sold them. According to the Armor team, "No hacking, the project is still safe."
Details
- Date
- Feb 28, 2021
- Kind
- Fraud
- Method
- Scam
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- Ethereum
Reported by
Related incidents
Cite this page
SwanBluechip, "Armor fraud, Feb 28, 2021: $850K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht992a4fc195/ (data as of 2026-10-31).