Fake LAYER Rug Pull

On January 21, 2025, a fake SOLAYER token crashed to nearly zero within three hours after a community alert was raised. Scammer's profit could be estimated as 1,938 WSOL (~$465,000).

The attacker leveraged a fake SOLAYER contract  (LAYERruDbdbxZTT4cfFZPRLEoG4cGwn8HpwpgTToWDg) to mislead investors into purchasing worthless tokens. After artificially inflating the token’s perceived value, the attacker made a single significant “rug transaction,” liquidating 17 trillion of these fake tokens in exchange for nearly 2,000 WSOL. Once the attacker’s large sell order cleared, the token’s price plummeted by almost 100% in a matter of hours.

Malicious Address:

FU2cbiQea7mRX72BhPG716b1Q8eWu62pR2Ue5S9DC8jm

Fake Contract:

LAYERruDbdbxZTT4cfFZPRLEoG4cGwn8HpwpgTToWDg

Rug Transaction: Tx 4Bio6o…GRhW