What happened
The contract deployer transferred tokens to the iProtocolPreSale smart contract, which gathered funds from the fundraising event and added initial liquidity at:
https://etherscan.io/tx/0xa109005b…22e893
The contract deployer used hidden minting functionality under the increaseAllowance() function to generate new tokens onto his wallet at:
https://etherscan.io/tx/0x0b5944f6…51ffba
The minted tokens were sold by the contract deployer in the following transactions:
https://etherscan.io/tx/0xcca01f5d…7e1018
https://etherscan.io/tx/0x0403198f…0cfffa
https://etherscan.io/tx/0xaeac86a7…cc66e4
Case & protocol details
Classification
Other
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
IYP
Official Website
iprotocol.io/
Protocol Twitter/X
@iprotocol_io
Evidence & learning
Sources and on-chain records
- report Report t.me
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