Genius Token Hack

The Genius token team executed a partial exit scam on May 5th, 2024, making a profit of approximately $1.2 million USD.

The original GNUS Token deployer 0x1804dE was funded on the Fantom chain by another scam wallet 0x548c63 initiated a function deployTokenManager on the InterchainProxy contract which is one of the core Axelar Network contracts. This function deployed a new token manager with a fake token 0xC77522 registered as a bridged token.

Simultaneously, another address, 0x548c63, deployed and minted 100,000,000 fake tokens, 0xC77522, on the Fantom network.

Subsequently, 500,000 of the fake tokens were bridged via Axelar to the Ethereum network and sold on the Uniswap DEX for 407 ETH.

The profits were then mixed and sent to various addresses.

GNUS Token Deployer:

https://etherscan.io/address/0x1804deca…a8b463

Fake token manager:

https://ftmscan.com/address/0x8c10c286…b575C6#code

Fantom fake token:

https://ftmscan.com/address/0xC77522dC…027d17

Bridging to Ethereum mainnet:

https://ftmscan.com/tx/0x9fe599bf…c12ec6

Ethereum mainnet sell:

https://etherscan.io/tx/0xe8a5780c…85a407

Two scammer addresses are linked to the transaction: https://ftmscan.com/tx/0xae046acc…1c9ac9