What happened
Quick Summary
On the 16th of April DOGETWIT on the BSC chain was rugged for approx 41k USD.
Details of the Exploit
The team responsible for managing liquidity in the DOGETWIT 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/0x78e8dd11…c7ce15
Liquidity removal:
https://bscscan.com/tx/0xb7bf967b…1f8e64
Case & protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
DOGETWIT
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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