What happened
Quick Summary
On May 8th, the team behind fake Lifeform executed an exit scam, making a profit of approximately $250,000 USD.
Details of the Exploit
On May 8th, the fake Lifeform token was rug-pulled. The deployer exploited a backdoor by calling the removeLimits() function on the token contract, allowing them to mint unlimited tokens while selling. A total of 1,603,040,060,640,000 tokens were swapped for 81.2 ETH and dispersed across different addresses.
Block Data Reference
Scammer:
https://etherscan.io/address/0xb57b3644…7638fe
removeLimits() call:
https://etherscan.io/tx/0x302727f3…aa7e1f
Sell:
https://etherscan.io/tx/0x9c69a064…c18143
Case & protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
LFT
Official Website
www.lifeform.cc/
Protocol Twitter/X
@lifeformcc
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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