BlockGPT Rug Pull

Reported loss $255K
Rugpull

What happened

Quick Summary

BlockGPT token experienced a rugpull, the scammer was able to withdraw 816 $BNB from the presale pool.

Details of the Exploit

BlockGPT is a BEP20 token trading on PancakeSwap. The project creators deployed a presale contract that had malicious functionality to withdraw liquidity from the contract. The malicious contract had unverified source code.

The scammer withdrew 816 $BNB from the contract which is worth 254,592 $USD at the moment. 800 $BNB was transferred through TornadoCash at the end.

Block Data Reference

Scammer address:

Address 0x650c…1954

Funds holder address:

Address 0x45da…5e04

Draining transaction:

Tx 0x32e5…0fe2

TornadoCash transfer example:

Tx 0x7282…c128

Protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract BGP

Evidence

Same attack technique

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