ETX Infinity Rug Pull
Reported loss
$62K
Rugpull
What happened
On January 15, 2023, ETX Infinity's team unlocked 158 million ETX on BNB Smart Chain and sold it for about $62,000, according to a January security-incident roundup. The report says ETX fell by more than 91% after the sale.
How it happened
- The ETX project team unlocked a large ETX allocation.
- The team sold the unlocked tokens for roughly $62,000.
- The reported sale was followed by an ETX price decline of more than 91%.
Protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
ETX
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