Orderly Network's IBXtrade Project Faces Rug Pull Allegations

According to Odaily, DeFi analyst Anon Vee reported on X that several users have raised concerns about a potential rug pull involving the Orderly Network ecosystem project, IBXtrade. The project launched a presale three days ago with the aim of raising 2,000 SOL (approximately $3.2 million) and promised to refund unselected presale participants. However, the presale ended up raising over 160,000 SOL ($24 million), leading participants to expect a refund of $21.8 million. Instead, the IBXtrade team created a poll on a website they control, asking whether to increase the presale cap. The poll passed, and IBXtrade claimed to have refunded 65,000 SOL ($9.7 million) to presale participants. However, users reported that the team merely transferred these SOL to multiple addresses they created, and no refunds were received.