Cubic Finance Rug Pull

Reported loss $217K
Ethereum
Rugpull

What happened

The project was holding a presale event at:

Source

304 ETH were raised in total.

1. The contract deployer transferred tokens to the external wallet at:

Tx 0x0877…05ec

2. The token recipient added initial and further liquidity at:

Tx 0xcff9…6858

Tx 0xb97c…74bf

3. Only 18.23 / 304 ETH was used to add liquidity. In addition, the token was listed on the Hotbit exchange:

Source

4. The token recipient from step 2 transferred part of tokens to the other external wallet at:

Tx 0x84c1…c41c

5. This external wallet deposited received tokens directly to the Hotbit exchange so further actions can't be tracked. Stolen funds were calculated based on the raised funds from the presale event minus added liquidity amount.

Protocol details

Classification Yield Aggregator
Protocol Type Exit Scam/Rugpull
Affected asset / contract CUBIC
Protocol links Website @cubicfinance

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