• OrdiZK developers have consolidated $1.4 million across three wallets.
  • The OZK coin has lost over 99% of its original value.
  • OrdiZK charged a sales tax to all transactions during its entire lifecycle.

OrdiZK – a project that aimed to be a bridge connecting the blockchains of Bitcoin, Ethereum, and Solana – appears to have pulled off an exit scam. According to blockchain security company CertiK, developers appear to have siphoned more than $1.4million from separate wallets.

OrdiZK’s website and social media pages have been taken down, and its native token (OZK), has lost over 99% of its original value.

ETH Price Index and Live Chart – CoinDesk”>(ETH) from the project. The ether is spread across three wallets. The deployer wallet of the project holds $1.03m, the treasury and marketing wallets each hold $262,000 in ETH.

The bridge was originally designed to transfer BRC-20 tokens into ERC-20, and vice versa. The token rose to an all-time high of $0.0107 in December during a period of market frenzy focused on Bitcoin-based NFT project Ordinals.