According to ChainCatcher, on-chain analyst ZachXBT has monitored that a fraud group that used projects such as Magnate, Kokomo, Lendora, and Solfire to steal tens of millions of dollars has deployed a new project, Leaper Finance, on Blast.

Last week, the scam group used about $1 million laundered from Rug to fund an address on Blast and began to provide liquidity to lure users in. Over the past period of time, the scam team increased its TVL to more than one million US dollars, then stole all user funds deposited in the protocol, forged KYC documents, and used low-level auditing companies.

At present, the fraud gang has launched scams on platforms such as Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, and Avalanche.