- Amount Lost: $33,000.00
- Funds Returned: $0.00
- Category: Token
- Date: 2023-2-6
Quick Summary
On Feb 6, 2023, the team behind the Zodiac Credit token executed a rug pull, resulting in a loss of funds worth $33K USD.
Details of the Exploit
The attack on the Zodiac Credit token involved the token contract deployer manipulating the liquidity pool by removing liquidity from the pair contract and selling a large quantity of tokens on the market. This resulted in a rapid drop in the token's price by approximately 90%. The deployer took advantage of their ability to manipulate the liquidity pool and market to execute a rug pull, effectively stealing funds from investors. The exploit highlights the importance of careful token contract design and the need for investors to perform due diligence before investing in new projects.
Block Data Reference
Deployer:
https://bscscan.com/address/0xb0b86e33d9e0f847e3600fc2ad6b357652c19ec7
Remove liquidity:
https://bscscan.com/tx/0x0054d2be3295cd7ec5896374f27ad0f3c8aa4d11557912949b6869a7b94710a9
Proof Links: