In what appears to be Kaspa’s first large-scale exit scam, a project known as ProbFi, once promoted as a decentralized prediction market, has disappeared with over 1.5 million KAS raised from NFT sales. The project attracted early attention for its promises of protocol utility, weekly KAS revenue for NFT holders, and ambitious plans for rapid growth. However, in a matter of days, all signs of the project were wiped from public view—leaving users with nothing but worthless NFTs and a lesson in trust-based risk within decentralized ecosystems.
The Promise
ProbFi positioned itself as a next-generation prediction market built natively on the Kaspa blockchain. Its marketing campaign emphasized three key promises:
- A decentralized prediction platform leveraging Kaspa’s speed and scalability
- Revenue sharing in KAS with holders of PFT NFTs on a weekly basis
- Rapid utility development, with early supporters given access to a growing ecosystem
The project raised significant attention and funding through its NFT mint, pulling in an estimated 1.5 million KAS from retail users. It was actively promoted by several Kaspa-affiliated personalities:
- @FlightAmez – Listed as the lead developer and primary promoter
- @UncleBuckyyy – Cited as a core promoter
- @0xKryptonKas – Actively pushed NFT sales and shared project updates
Despite these promises, no working product was ever released.
The Disappearance
Shortly after minting, the team behind ProbFi deleted all public-facing communications:
- The official X (Twitter) account was removed
- The Telegram group vanished
- The test website went offline
- No protocol, codebase, or testnet was ever delivered
What remained were empty promises and NFTs with no utility.
On-Chain Tracing
An investigation by analyst @kdoggo1181074 revealed significant fund movement consistent with an organized exit:
- ~947,932 KAS was withdrawn from:
kaspa:qzldrfye7hzsr7e0s0f3lc29k8mxm888ctte0zku4wuwkn0xs9qhvyugans28
Funds were then split:
- ~700,000 KAS to:
kaspa:qrw2zkwu2de6t3xkgdd5mjvgfft209hv2uwzp4fry40dzdtc2relkdy03rt46 - ~250,000 KAS to:
kaspa:qzwstxg0negaay20hqv8ymknzwnw34v3jr0v3wtzkmpat34ecgz954zd9y79m
These funds were reportedly cashed out via MEXC.
Conclusion
The ProbFi rug pull highlights a hard truth: even in decentralized ecosystems, trust-based risks remain when promised technology is never delivered. No blockchain can prevent bad actors from exploiting hype and momentum without scrutiny. As Kaspa continues to evolve, users must demand transparency, verify on-chain activity, and approach new projects with critical caution.
Always do your own research. Stay vigilant.
