8ight Finance Rug Pull

In December 2021, the BNB Chain yield project 8ight Finance rug-pulled approximately $1.75 million using privileged contract authority retained by the operators, who drained pooled deposits and deleted all presence.

What happened

Standard backdoor/privileged-authority rug: accumulate deposits, exercise a privileged drain function, exit.

Why it matters

8ight Finance is one more tick on the catalogue's most-repeated structure — privileged-authority rug during a chain's hype window (DeFiLabs, Kokomo, New Gold). Its value is purely cumulative density: the deep tail of every growth-phase chain is dominated by this single structure, and the cheap pre-check (verified source + renounced/timelocked authority) screens out essentially all of it. The catalogue records dozens precisely to make the base rate undeniable.