BONK Inu Hack

TOTAL LOST $150K
Low Rugpull

What happened

Quick Summary

BONK Inu fake token was rugged on the Polygon network. The scammers withdrew about $150k USD of USDC from liquidity pairs.

Details of the Exploit

The BONK Inu ERC20 contract contains onlyOwner function with the minting ability. Also, the scammer didn't lock his LP tokens so he did both steps to rug users: 1) remove liquidity from pairs and 2) sell tokens to drain all left liquidity. Estimate losses are about $150k USD.

Block Data Reference

Scammer address:

https://polygonscan.com/address/0xbcefc34e…bb9e72

Minting tx:

https://polygonscan.com/tx/0xd043614e…cae655

Remove liquidity:

https://polygonscan.com/tx/0x72ddca4c…196202

Sell BONK:

https://polygonscan.com/tx/0xb6f40cd7…c216fe

Transfer USDC to another address:

https://polygonscan.com/tx/0xf64652b1…fe1b0e

https://polygonscan.com/tx/0xd0e7e5fc…7e4f57

https://polygonscan.com/tx/0x5abc0855…5fd074

Case & protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract BONK
Official Website toninu.tech
Protocol Twitter/X @toninutools

Evidence & learning

Sources and on-chain records

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