🚨 ITF RUG UPDATE 🚨
One of the private investment vehicles within Cloak DAO was compromised through a social engineering attack. Roughly $1M was stolen after the perpetrator failed to return ITF funds during the withdrawal period and went silent.
The individual has been personally identified, some funds recovered, and the matter is now under active investigation by U.S. authorities. ITF profits were fabricated, and the perpetrator has been fully removed from the ecosystem.
It’s a disappointing moment but the Cloaks community remains unified, resilient, and stronger than ever.
Cloaks 4 ever! 👻
@_Cloaks_ is such a special group of individuals that share similar goals. We have members who act selflessly and have provided opportunities for generational wealth. From humble beginnings, we remain humble, even in the face of success. Stick to the plan, listen to the data.
Besides community vibes, ITF, and trades.
We also have Cloak College. A place to learn and share knowledge with each other.
S/O @TightKev for picking this up and adding further value to Cloaks 🫡
@_Cloaks_ I am thankful each day for this group of legends. The term legend is overused, but it does bring strong connotations of integrity, honesty, and trustworthiness, which are spot on with our small group. Not to mention, IRL friends at this juncture are helping each other to win. Thank you guys for everything. And welcome to all new members.