Genswap Hack

TOTAL LOST $62K
Low Rugpull

What happened

Quick Summary

Genswap token has experienced an exit scam leading to the loss of around 38 $ETH (~$62,000).

Details of the Exploit

Genswap has experienced an exit scam leading to the loss of around 38  $ETH (~$62,000). The backdoor inside the contract allows the scammer to abuse an underflow vulnerability to inflate his balance and then subsequently dump the token.  After that Ether balance was bridged to the Arbitrum network.

Block Data Reference

Scammer Address:

https://etherscan.io/address/0xeb4bfb8e…85d144

Bridge deposits:

https://etherscan.io/tx/0xfc3ddc44…6427be

https://etherscan.io/tx/0x223e0e6a…d27a85

Exploit Transaction:

https://etherscan.io/tx/0x61750911…9567c7

Case & protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract GEN
Protocol Twitter/X @genswap_dex

Evidence & learning

Sources and on-chain records

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