IPO Hack

TOTAL LOST $585K
Low Rugpull

What happened

IPO project was rugpulled through custom pools by scammers who drained assets worth 585,153 $USD in two transactions

IPO is a BEP20 token trading on custom liquidity pools on Binance Smart Chain. The deployer created these pools with unverified source code, which allowed certain addresses to use privileged functions and drain the pool. On June 20, 2023, the pool was drained for 102,164 $USDT, part of a total loss amounting to 585,153 $USD.

Deployer Address:

https://bscscan.com/address/0x32e4152e…18d079

Scammer Addresses:

https://bscscan.com/address/0x7861f822…227682

https://bscscan.com/address/0x35fef3c5…7bfc7b

Funds Holder Address:

https://bscscan.com/address/0xc18fbb46…0fef27

Malicious Contract:

https://bscscan.com/address/0x4b50a547…67a20c

Draining Transactions:

https://bscscan.com/tx/0x6f678313…c65264

https://bscscan.com/tx/0xadfb6755…7fd161

Case & protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract IPO

Evidence & learning

Sources and on-chain records

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