Summary
Dragoma was a move-to-earn GameFi project built on the Polygon network whose native DMA token collapsed 99.8% within hours of its MEXC exchange listing on August 8, 2022, in what blockchain security firm PeckShield identified as a rug pull. Approximately $3.5 million in investor funds were allegedly drained by the development team and deposited into centralized exchanges. The project's website and all social media channels were subsequently deleted, and no known recovery or law enforcement action against the responsible parties has been publicly confirmed.
Connected Entities
1 entitiesTimeline(7 events)
2022-06-01
Dragoma project publicly announced with Texas-based Ken Graese identified as founder in a press release.
2022-08-06
DMA token rallied over 160% ahead of the upcoming MEXC exchange listing, reaching a peak near $1.78.
2022-08-07
MEXC Global listed DMA in its Assessment Zone, opening the DMA/USDT trading pair at 13:00 UTC with a concurrent deposit promotion.
2022-08-08
DMA token collapsed 99.8% within approximately four hours. PeckShield identified the event as a rug pull, reporting that approximately $420,000 USDT and 880,000 MATIC (total estimated $3.5M) were drained from the project to centralized exchange wallets.
2022-08-08
MEXC Global suspended DMA/USDT trading citing abnormal on-chain transfers.
2022-08-08
Dragoma's website became unresponsive. Official Twitter and Telegram accounts were deleted by the development team.
2022-08-08
MEXC activated its Investor Protection Fund and announced a Potion token airdrop to compensate affected users.
Decision Log
- hash: EHFCHAUwqNyVooEV33mKZWDsAX7YiMLif4zWEPmk8h9d
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:48 AM
last updated: 5/28/2026, 5:24:58 PM
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