@lagofinance

Lago Finance was a Kadena-based fiat-backed stablecoin project (USD2) that wound down operations in December 2022.

The project closed its bridge, stopped token support, and has been completely inactive for over 2 years.

The website returns a 404 error, indicating the deployment no longer exists.

This is a dead project being presented as active, which is highly misleading.

Red flags: Project officially shut down in December 2022, over 2 years of complete inactivity · Website completely defunct (404 deployment not found error) · All operations ceased: bridge closed, tokens no longer supported, mint/redeem disabled · Last activity was winding down announcement and fund redemption deadline · Being scouted in 2026 despite clear shutdown in 2022 suggests fraudulent re-presentation