Loop X Network Hack

TOTAL LOST $34K
Low Rugpull

What happened

The $LOOP token has been rugpulled by the token creator for a profit of roughly $33k.

The creator of the token, deployed the contract in the BSC network, created a LOOP/BNB pair, where 100 $BNB were invested;

https://bscscan.com/tx/0x9ab5eeed…a42378

Immediately after the pair was created, the token creator sent $LOOP to other addresses that interacted with the pair by trading $LOOP on PancakeSwap. Example transfer transactions:

  1. Tx
  2. Tx
  3. Tx

The addresses that received the tokens, after they made a profit from the exchanges, sent the tokens to the scammer address (B):

  1. Tx
  2. Tx
  3. Tx
  4. Tx

As the time of this writing information on this case is scarce. More sources will be added if the case should develop.

Involved addresses:

Token creator, scammer address(A): https://bscscan.com/address/0x26c7e7ec…d032ed

Scammer address (B): https://bscscan.com/address/0x26c7e7ec…d032ed

Transactions:

Withdrawing transaction through the BSC: Token Hub: https://bscscan.com/tx/0x2286ec7c…1ede5e

Cross chain package link: https://explorer.bnbchain.org/tx/52491A8ADE2F9FCD6D4B28726F041A9B3AFBCE99D45AB8B0DF2B3E765180CDEE

Case & protocol details

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

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