Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam comes a few weeks after the Sharktron devs issued a press release inviting investors to buy the token.

Binance Freezes Part of Stolen Funds

However, Justin Sun’s Tron Foundation, seemingly eager to get past this event, has issued a response on Twitter. The statement, which does not state the value of funds stolen, says:

Regarding the shark incident, we have contacted Binance and worked together on chasing down the funds and people behind this. A portion of the funds has been frozen on Binance. If you were a victim in this case, please file a police report and work with law enforcement to seek recovery. We will be also working with all exchanges to track the rest of the funds and protect the interest of the…

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Source: https://news.bitcoin.com/sharktron-defi-project-devs-exit-scam-tron-foundation-says-part-of-missing-funds-now-frozen/