LINEA Rug Pull

Reported loss $741K
Rugpull

What happened

Quick Summary

LINEA copycat token was rugpulled, the scammer removed liquidity worth 740,809 USD from UniSwap pool on Oct 25, 2023.

Details of the Exploit

LINEA is a copycat ERC20 token trading on UniSwap and can't be confused with the legitimate project. The deployer manipulated the token price by creating fake transactions and removed liquidity from the UniSwap LP pool, which also served as the token contract. The stolen funds, amounting to 740,809 USD worth 403.89 WETH, were transferred through the Tornado Cash mixer, making the funds difficult to trace.

Block Data Reference

Deployer Address:

Address 0x5Ac6…AC99

Liquidity Removal Transaction:

Tx 0x4ab6…4ced

Tornado Cash Deposit Transactions:

Tx 0x7969…be03

Tx 0xe365…1b00

Protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract L
Protocol links Website @LineaAssoc

Evidence

Same attack technique

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