According to blockchain investigator Specter, the CodexField project transferred $17.3 million USDT from TRON to Ethereum on July 9, with $6.5 million already moved to Polygon and $10.8 million still in transit, signaling potential fund misappropriation risks.
The on-chain tracking reveals the project has accumulated over $85 million in funds. The source wallet is linked to CodexField's deposit contract. Additional concerns include the project's unusual fund routing across multiple chains and centralized exchanges, and the requirement for users to deposit a minimum of $100, according to BlockBeats reporting.