What happened
Quick Summary
On the 12th of April ChainGPT on the BSC chain was rugged for approx 82k USD.
Details of the Exploit
The team responsible for managing liquidity in the ChainGPT protocol executed a liquidity removal scam, causing the project to suffer significant losses. The contract deployer removed a significant amount of liquidity pool (LP) and sold off the token, leading to a sharp drop of around 90% in its initial price.
Block Data Reference
Scammer:
https://bscscan.com/address/0xd9618606…1f1918
Liquidity removal:
https://bscscan.com/tx/0x12c1a6cc…07c005
Case & protocol details
Classification
Token
Protocol Type
Launchpad
Affected asset / contract
CGPT
Official Website
pad.chaingpt.org/staking-pools
Protocol Twitter/X
@Chain_GPT
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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