<p class="is-style-lead">In an Oct. 8 post on X, Certik, a security-focused ranking platform, reported an exit scam on zkFlex Finance after charts show a 100% in the project’s value.</p> 
<p>Alongside this announcement, the project’s social media accounts and websites have also been removed.</p> 
<h2 class="wp-block-heading" id="deleted-accounts">Deleted accounts</h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/CertiKSkynetAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#CertiKSkynetAlert</a> 🚨<br><br>We are seeing an exit scam on @zkFlexFinance<br><br>ETH:0x54855D3133669B7EF54A2c962F5f63fdb44bBaE9<br><br>Which has dropped 100%<br><br>The project's socials and sites have been deleted.<br><br>0x84f90 has dumped tokens for a profit of ~$56k<br><br>Stay vigilant!<a href="https://t.co/m7xQb6DQO6" target="_blank">https://t.co/m7xQb6DQO6</a></p>— CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1711115026780615023?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 8, 2023</a>
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<p>As part of the announcement, two addresses were noted as being part of the alleged exist scam, including address 0x84f90, which had sold tokens, making an approximate profit of $56,000.&nbsp;</p> 
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 <img decoding="async" loading="lazy" width="964" height="952" src="https://crypto.news/app/uploads/2023/10/Screen-Shot-2023-10-09-at-11.10.39-AM.png" alt="CertiK Alert reports zkFlex Finance exit scam - 6" class="wp-image-14201926">
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  X Profile | Source: <a href="https://twitter.com/zkFlexFinance" data-type="link" data-id="https://twitter.com/zkFlexFinance" target="_blank" rel="noopener">X</a>
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<p>The project’s accounts, including its X profile,&nbsp;<a target="_blank" href="https://app.zkflex.xyz/" rel="noreferrer noopener">website</a>&nbsp;and&nbsp;<a target="_blank" href="https://zkflexfinance.medium.com/" rel="noreferrer noopener">medium account</a>, have since been removed.</p> 
<p> You might also like: <a href="https://crypto.news/the-darknets-reddit-clone-makes-exit-scams-harder/"> The darknet’s Reddit clone makes exit scams harder </a> </p> 
<p>zkFlex Finance was said to promote DeFi innovation with liquidity rewards, lending and ecosystem support as a P2P order book exchange that focused on security and scalability.</p> 
<h2 class="wp-block-heading" id="exit-scams-remain-an-issue">Exit scams remain an issue</h2> 
<p>Exit scams continue to make headlines, with&nbsp;<a target="_blank" href="https://crypto.news/kokomo-finance-accused-of-4m-exit-scam/" rel="noreferrer noopener">an announcement</a>&nbsp;in March that Optimism was also believed to be responsible for an exit scam in which $4 million in user funds were reported stolen, following which the websites and social media accounts associated with the firm were also taken down.</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="New Scams to Watch Out For in 2023" width="1020" height="574" src="https://www.youtube.com/embed/jxTsI5XvM-c?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>That being said, data from&nbsp;<a href="https://crypto.news/new-research-reveals-the-most-common-crypto-scams-in-2023/" target="_blank" rel="noreferrer noopener">Chainanalysis</a>&nbsp;has shown that it isn’t exit scams that are top of mind but rather ransom attackers, which are becoming a persistent issue.</p> 
<p> Read more: <a href="https://crypto.news/mutant-ape-planet-nfts-creator-arrested-and-charged-with-fraud-over-2-9m-exit-scam/"> Mutant Ape Planet NFTs creator arrested and charged with fraud over $2.9m exit scam </a> </p>

CertiK Alert reports zkFlex Finance exit scam

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