Technical analysis by Nako520 about Symbol BTC on 6/30/2023

The Chibi Financial Project’s native token, CHIBI, has fallen 99% since reports emerged that the team behind the Chibi Financial Project stole over $1 million from various investors. This DeFi runs on Arbitrum's L2. CHIBI was quoted at $0,00964534 at the time of writing, down 5.1% over the past 24 hours. The coin has seen a 99,40% price drop over the past two days, reaching $1,62 on June 26. Coin World previously reported that the Chibi Finance project was suspected to have a Rug Pull, and the cryptocurrency worth $1 million was exhausted. The stolen funds have been converted into approximately 555 ETH and transferred to Tornado Cash after bridging from Arbitrum to Ethereum