Binary Protocol Hack

TOTAL LOST $4K
Low Rugpull ethereum

What happened

The contract deployer used a hidden minting functionality under the function initialSupply(), which was invoked by the contract deployer 3 times:

https://etherscan.io/tx/0x7467abb5…93a521

https://etherscan.io/tx/0xf4b6c140…c2293c

https://etherscan.io/tx/0x672689de…3dc887

In the function input data, the recipient address of the minted tokens was this address:

0xD97A7501…34050C

This external wallet added initial liquidity at:

https://etherscan.io/tx/0x1cdad510…825da5

The transaction, where the external wallet sold tokens:

https://etherscan.io/tx/0x0c02a010…41b083

Case & protocol details

Classification Exchange (DEX)
Protocol Type Exit Scam/Rugpull
Affected asset / contract BP

Evidence & learning

Sources and on-chain records

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