Wu said that ZachXBT, the chain detective, warned that Sorta Finance may be about to implement an exit scam on Arbitrum, so please do not use the protocol. It is reported that the scammer has previously defrauded more than $25 million through projects such as Magnate, Kokomo, Lendora, Solfire, Crolend and HashDAO. The deployer of Sorta and the first address to interact with its contract both funded 100 ETH through Tornado Cash. They usually run by forking Compound V2 on each EVM chain, suspending withdrawals/borrowing after the total locked value (TVL) reaches a certain amount, and taking away all user funds. The team also hired low-quality audit companies to conduct contract audits, provide false KYC and pay low-level influencers to write long articles. At present, Sorta TVL is only $76,000, but the TVL of its fraudulent projects has been as high as millions of dollars before, so we need to be vigilant about early prevention to reduce victims.