WEB3

Orbiter Finance Responds to Rug Pull Concerns

by BSCN

October 4, 2023

chain

The project clarified that their Discord account had been banned without a detailed explanation, adding that their bridge remains secure.

Bridge and community are safe, Orbiter assures users

Decentralized cross-bridge rollup project, Orbiter Finance, has reassured its community amidst concerns and accusations of a rug pull. The project addressed the issue of failed transactions and its Discord account being blocked.

In a post on X (formerly Twitter), Orbiter Finance stated, "Orbiter bridge works very well and does not have any security issues. The transaction may fail due to network instability or the sender deleting the target network identification code when sending the transaction. We will execute these failed transactions ASAP."

Following user allegations on social media, the Orbiter team further provided a detailed explanation on Discord, clarifying the situation surrounding their Discord account, which appeared as a "deleted user." They explained that their official Discord account had been banned by the Discord team without a detailed explanation, and they were actively working to appeal the decision.

Regarding the failed transactions, Orbiter Finance detailed three scenarios that could lead to transaction failures, including network problems and insufficient balance. They assured users that they were actively addressing these issues and urged users to contact them for assistance.

Orbiter emphasized that their bridge was functioning normally and that the majority of issues were related to "abnormal transfers." They committed to returning tokens involved in such cases within a week.

Orbiter Finance expressed appreciation for user support and trust, assuring the community that they are actively working to improve their response times and address any outstanding concerns.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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