Flare Token Rug Pull

Reported loss $17.0M
Rugpull

What happened

Flare Token was possibly rugpulled. An EOA address was able to remove funds from the PancakeSwap pool for a total of 17,010,503 $USD after claiming roughly 4,000,000,000 $FLARE tokens from a vault contract.

Flare Token is a BEP20 token trading on PancakeSwap and can't be confused with Flare Network with the $FLR token symbol. An EOA address called a withdrawProfit() function on a contract with an unverified source code and received 3,973,277,600 $FLARE tokens. The part of the claimed tokens was used to perform a swap and drain of liquidity.

The exploiter profited 17,010,503 $USD and transferred funds to another EOA address.

Scammer addresses:

Address 0xa0a6…d898

Address 0xE55D…Eb20

Malicious transaction:

Tx 0xa091…c027

Liquidity drain transaction:

Tx 0x2af9…1d51

Protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract FLARE
Protocol links Website @PipeFlare

Post-Incident Timeline

  • 2022-11-17

    On 17 November, an EOA address that received the funds transferred all the stolen amount through TornadoCash.

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