Crown Token Rug Pull

Reported loss $50K
Rugpull

What happened

Quick Summary

On the 16th of April CROWN on the BSC chain was rugged for approx 50k  USD.

Details of the Exploit

The team responsible for managing liquidity in the CROWN 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:

Address 0xdcf1…4320

Liquidity removal:

Tx 0xdd61…09c7

Protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract CROWN
Protocol links Website @CROWNtokenclub

Evidence

Same attack technique

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