Ethereum Yield Hack

Reported loss $1.1M
Ethereum
Abandoned

What happened

The project was holding token sales using 2 smart contracts:

Address 0x052c…bf5b

Address 0x28a3…3203

The major and final Ether recipient, raised on the presale, was the Ethereum Yield deployer:

Tx 0xd4f0…6450

Tx 0xbc4d…4c01

Tx 0x45f5…9e96

In total, the Ethereum Yield deployer received 3,100 ETH.

The contract deployer used 700 ETH to add the initial liquidity into the ETH / ETHY pair:

Tx 0x3a0f…75ce

This liquidity was locked till 01.01.2100 at:

Tx 0xaa6a…a36b

The contract deployer used 1,000 ETH to add the initial liquidity into the ETH / ETHYS pair:

Tx 0xfed1…0082

However, the liquidity wasn't locked and the contract deployer removed it multiple times at:

Tx 0xc9fe…dfd7

Tx 0x62d4…a7b5

Tx 0xf99a…1cfc

Tx 0x747a…8eb2

Tx 0xb55f…a77d

Tx 0x5eda…04d1

Tx 0x0e09…80b7

The last pinned message in the official Telegram group says that the owner and developer left the team:

Source

Protocol details

Classification Token
Protocol Type Exit Scam/Abandoned
Affected asset / contract ETHY, ETHYS
Protocol links Website @EthereumYield

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