Hack history / 2023 / Rug pull
Kannagi
Rug pull on Jul 30, 2023 · Admin Drain
SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$2.1M
dollars at the time
Returned
none listed
as the sources state it
Rank
#669
among thefts by dollars lost
What happened
Kannagi Finance, a yield aggregation protocol on zkSync Era, performed an exit scam on July 30, 2023, draining nearly all value from contracts (leaving $0.17 TVL). The launched contract code contained malicious functionality not present in the audited version. The team deleted all online presence.
Details
- Date
- Jul 30, 2023
- Kind
- Rug pull
- Method
- Admin Drain
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- DeFi protocol
- Chains
- zkSync Era, Ethereum
- Audit (rekt.news)
- out of scope
Related incidents
PEPE 2023 · Hack or exploit · $15.1M
Kokomo Finance 2023 · Rug pull · $4M
MERLIN DEX 2023 · Rug pull · $1.8M
LianGoPay 2023 · Hack or exploit · $1.6M
Milady Maker 2023 · Hack or exploit · $1M
Kokomo Finance 2023 · Rug pull · $4M
MERLIN DEX 2023 · Rug pull · $1.8M
LianGoPay 2023 · Hack or exploit · $1.6M
Milady Maker 2023 · Hack or exploit · $1M
Cite this page
SwanBluechip, "Kannagi rug pull, Jul 30, 2023: $2.1M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htd6650d9973/ (data as of 2026-10-31).