Tag: EVO

Fraud Allegations Against Belarus Cross Blockchain Platform EVODeFi

Crypto Charlene Lensburg - February 14, 2023

EVO DeFi Bridge (EVO) is a cross-chain bridge connected to multiple blockchains, including Ethereum, BSC, Fantom, Avalanche, and Oasis Emerald ParaTime. The main use is bridging funds from other blockchains onto the Oasis blockchain, where the received funds are imported into EVO’s own application ValleySwap. The bridge use a smart contract to lock existing tokens as collateral and mint new claim tokens on the target blockchain. Allegedly, the operators misappropriated client funds.

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