Elron Token Rug Pull

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: Tx 0x1438…fc19

Also analyzing the code, it was noticed that total supply was minted to this address: Address 0xF0C1…4708

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) Tx 0xe1c0…c936

1.2) Tx 0x0183…2678

2. Receiving 300k $USDT from Binance Hot Wallet 6: Tx 0x2864…2df9
3. Transferring 300k $USDT to lp creator: Tx 0xc5b9…05df
4. Add liquidity transaction: Tx 0xefae…5f5c

Multisig wallet sent 1M $ELR tokens to the address of the token creator: Tx 0xecc3…74ef

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 0x5d05…b1a7
2. Tx 0xc2b8…018f
3. Tx 0xb869…f1e2

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

1. Tx 0x8e52…487e
2. Tx 0x195b…cd7d
3. Tx 0x014d…42ea

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): Address 0x2cc1…edaa

Scammer address (B): Address 0x12b7…d0f6

Scammer address (C): Address 0xf2f7…6d44

Multisig wallet on which more than 90% of total supply is stored: Address 0xF0C1…4708