RiskOnBlast
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -73 |
| Sum | -8 |
- The page establishes that the subject is itself a scheme, so the score is 0.
Score: 0/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 9 of 11 claims confirmed · 2 need better sources
anchored·4E5LVX…Y3gUSummary
RiskOnBlast was a GambleFi (gambling and exchange) platform launched on the Blast Layer-2 network in February 2024. Its anonymous team executed an exit scam (rug pull) on February 24, 2024, draining approximately 420 ETH (~$1.3 million) from over 750 investor wallets immediately after the IDO cap was reached. The project is linked by on-chain evidence to a serial fraud group responsible for more than $20 million in losses across multiple DeFi protocols.
Connected Entities
18 entities · 60 linked investigations- RiskOnBlast→mentioned with→Blast(70%)
- RiskOnBlast→mentioned with→ZachXBT(70%)
- RiskOnBlast→mentioned with→MEXC(70%)
- RiskOnBlast→mentioned with→Arbitrum(70%)
- RiskOnBlast→mentioned with→Scroll(60%)
- RiskOnBlast→mentioned with→Coinbase(65%)
- RiskOnBlast→mentioned with→Railgun(65%)
- RiskOnBlast→mentioned with→Binance(65%)
- RiskOnBlast→mentioned with→Solana(60%)
- Ethereum→mentioned with→Coinbase(60%)
- + 65 more
Timeline(7 events)
22 February 2024
RiskOnBlast IDO contract (0x25f8c342e430c85829ef5021c0720f0c60969840) deployed on Blast L2. RISK token presale opens.
23 February 2024
IDO closes after reaching 420 ETH (~$1.25 million) cap from over 750 investor wallets.
24 February 2024
At 14:35 UTC, IDO creator wallet (0x1eeb963133f657ed3228d04b8cd9a13280efc558) calls withdraw() on the IDO contract 17 minutes after cap is confirmed, draining all 420.50 ETH. Team deletes website and social media accounts.
25 February 2024
Coinbase tech lead Andrew Choi alerts the community to disappearance of project's website and X account. On-chain researchers SomaXBT and Amir Ormu begin documenting fund flows. Funds are distributed to ChangeNow (~$495k), MEXC (~$386k), Bybit (~$193k), Railgun (~$125k), and other services.
26 February 2024
CoinDesk and multiple crypto outlets report the incident as the first confirmed exit scam on Blast network. CertiK publishes on-chain incident analysis.
14 April 2024
ZachXBT publicly identifies Leaper Finance on Blast as a new project being funded by the same fraud group, with ~$1 million in laundered funds from prior scams (including alleged RiskOnBlast proceeds) seeded into the protocol.
15 April 2024
ZachXBT also flags ZebraLending on Base as a concurrent suspected operation by the same group (~$311k TVL). Following the exposure, Leaper Finance and Glori Finance deactivate social media and websites, consistent with the RiskOnBlast pattern.
Decision Log
- slot 464375723 · hash 3DQVA3ptdxgaZU7g7kj2rcDVXj2FusNTFDbLdfk9jZ1i
- slot 464375719 · hash 6hj9uwZZprf43sGo6uEDjZK3GMvkMvXA7B9XX5x8DSN8
- slot 461964129 · hash e1oQbqK64uB1aawMWmFNggDVNkUKN4uY5s4dY7W1cfr
- slot 422682027 · hash H2xYibieWRqYxutRfzFsoXCpXivmLtLD6JMtKdhYr2xB
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 9 of 12 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:34 AM
last updated: 11/2/2026, 5:21:16 AM
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