DHE Hack

At the inception of the project 3,999,000 $DHE token were minted to the address of the scammer. The scammer dumped the $DHE token against $USDT on pancake swap, resulting in a 92% drop in the token value and 142k $USDT in ill-gotten gains.

The project promised its investors to revolutionize content ownership through NFTs and thus making content tradable on its own platform, denominated in $DHE.

The owners of the project never intended to make due on this promise as a large amount of $DHE token were minted to a specific wallet at inception resulting in a massive centralization issue from the start. Within 5min in the evening of the 20th June the scammer decided to dump his $DHE token through pancake swap.

As the time of this writing information on this case is scarce. More sources will be added if the case should develop.

Token Holder Structure

https://bscscan.com/token/0x11cbc781…7820af#balances

Scammer Wallet Address (A), which received 3,999,000 $DHE.

https://bscscan.com/tx/0xa2779bbd…33f77a

Transaction over 100,000 DHE Token from scammer Wallet Address (A) to (B)

https://bscscan.com/tx/0x08d1a07a…771e29

Scammer Wallet Address (B), which dumped the $DHE.

https://bscscan.com/token/0x11cbc781…7820af?a=0x3ff95c56…3edb9e