What happened
The SAW token recently experienced a rug pull incident, leading to a significant loss of approximately $216.3k USD.
The project team behind the SAW token executed a rug pull by performing token dumping at the PancakeSwap V2 pool. As a result, they successfully withdrew and transferred a total of 88 $ETH , equivalent to $160k USD, distributing the ill-gotten funds across four different wallets.
This sudden liquidity removal and token transfer event caught the community off guard, causing substantial financial losses to investors and holders of SAW token.
Scammer address:
https://etherscan.io/address/0x5707b5d0…e925ab
Liquidity Removal tx:
https://etherscan.io/tx/0x4ef259f1…dff6cc
Case & protocol details
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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