CodexField Suspected of Fraud as $85M Raised Faces Rug Pull Risk
2026-07-10 09:02

Woofun AI reports that on-chain analyst Specter has flagged BNB Chain project CodexField for potential fraud and rug pull risks. Despite raising over $85 million with official backing, the project is moving $17.3 million in USDT from Tron to Ethereum, converting it to DAI via Bitget Swap, and routing it to Polygon.

Blocksec MetaSuites has marked the deposit contract as "Fake CodexField", yet on-chain evidence confirms team control. Funds are being routed through multiple chains and intermediary wallets into centralized exchanges, with two Tron wallets alone depositing over $3.4 million. Specter urges Binance founder Zhao Changpeng and BNB Chain to investigate these abnormal fund flows.

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Tags:
USDT
DAI
Specter
Zhao Changpeng
CodexField
Bitget Swap
Blocksec MetaSuites
Binance
BNB Chain
Tron
Ethereum
Polygon
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