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Wagyu Developer Denies XMR1 Rug Pull, Clarifies Withdrawals via Terminal

GateNews

Exchange Risk Security Incidents Project Progress

2026-05-11 02:21:53

HYPE-3.41%

According to Foresight News, Wagyu developer PerpetualCow clarified that XMR1 token holders can withdraw funds through Terminal rather than the legacy cross-chain UI, denying recent Rug Pull allegations. The developer stated that no users have reported withdrawal failures, and the swap interface already specifies the correct withdrawal method. Community members had previously raised concerns that Wagyu resembled a Rug Pull, with XMR deposits potentially locked and Honeypot indicators present. XMR1 is a synthetic XMR token issued by Wagyu on Hyperliquid.

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