Elron Token Hack

The Forest Elron Token project has been rugpulled by its own team. They created a pair between ELR/USDT tokens, where the initial deposit was 300k $USDT and 300k $ELR, and after a while they dumped the token taking a profit of 122k.

The token creator deployed the $ELR where the creator is given the minter role, and also transfers ownership to his address: https://bscscan.com/tx/0x1438a06f…b6fc19#eventlog

Also analyzing the code, it was noticed that total supply was minted to this address: https://bscscan.com/address/0xF0C13C7b…D44708

300k tokens were sent from mulitisig's wallet to another address, where 300k $USDT was also sent to create an ELR/USDT pair with a ratio of 1 to 1:

1) The sending path of 300k $ELR from Multisig:

1.1) https://bscscan.com/tx/0xe1c01d64…95c936

1.2) https://bscscan.com/tx/0x01837b52…852678

2. Receiving 300k $USDT from Binance Hot Wallet 6: Tx
3. Transferring 300k $USDT to lp creator: Tx
4. Add liquidity transaction: Tx

Multisig wallet sent 1M $ELR tokens to the address of the token creator: https://bscscan.com/tx/0xecc3fbdf…9774ef

After some time, unusual behavior was noticed from the address of the token creator, he started sending a bunch of transactions for 13,899 $ELR to the scammer address (B), here is an example of transactions:

1. Tx
2. Tx
3. Tx

After scammer address (B) started dumping the token price by selling $ELR on PancakeSwap, example transactions:

1. Tx
2. Tx
3. Tx

from the moment the pool was created until July 15, 122k $BUSD was invested, ~$242k was taken from the pool and at the moment 180k $BUSD is still in the pool.

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

Involved addresses:

Token creator - scammer address (A): https://bscscan.com/address/0x2cc11e2c…e5edaa

Scammer address (B): https://bscscan.com/address/0x12b7ec93…81d0f6

Scammer address (C): https://bscscan.com/address/0xf2f78e28…006d44

Multisig wallet on which more than 90% of total supply is stored: https://bscscan.com/address/0xF0C13C7b…D44708