Should I Ape in On Bondly Finance Despite the Attack and Potential Rugpull?

Bondly Finance experienced what they called an attack but some people think it’s a potential rugpull. This incident incurred a loss of 373 million of bondly token which was minted and sold resulting to a 80% price crash of the token.

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While the team claimed to be investigating the attack they have urged their investors to stop trading the Bondly token and also remove liquidity to prevent further loss. They also promised their investors that their losses will be reissued to them.

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It’s obvious that the company is facing a lot of losses during these period and they are working tirelessly to rectify the issue and get back their investors trust again. While they are working towards rectifying this, their former CEO and co-founder Brandon Smith decided to step down as the CEO and went on a temporary voluntary leave of absence. Thereby, allowing Harry Liu who is also a co-founder to step up as the current CEO of Bondly Finance.
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The company released a video with the former CEO Brandon Smith, looking a lot more disappointed in everything that has gone wrong in the company and visually stating that he will be stepping down as the CEO. They video also involved Harry Liu stating his stepping up as the current CEO.

I wouldn’t know if they are being sincere about the attack or this is their new way of rug pulling and claiming to be the victim. I guess time will tell. The coin price has really dipped with a massive loss of more than 80% in a day. I don’t know if it’s an opportunity to buy some coins, Apeing and risking it. Well you may never know. I will think about it though.

P.S Not Financial Advice

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5 comments
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I don’t think you should, it is relatively small, on DeFi volume matters. Of course greater risks can carry greater rewards, but the keywork is “can”, what does Bondly has to give it an edge? Does not seem to have anything special other than speculation

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You have a valid point. Well I think it’s better to invest it on cubdefi instead

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I stick with Cubfinance.

They are expanding enough to provide all we need. In due time it will allow us fulfill all our DeFi needs.

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Exactly what am about to do. I will focus the money I wanted to use on bondly to Cubdefi

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