mCoin Hack

TOTAL LOST $144K
Low Rugpull

What happened

Quick Summary

mCoin project faced an exitscam with 143,841 $USD lost via direct liquidity removal.

Details of the Exploit

mCoin is a BEP20 token that experienced an exitscam incident. The liquidity provider removed the liquidity directly from the pool for 609.44 $BNB, which was worth around 143,841 $USD at the time of the incident. The funds drained were then transferred to another EOA address and eventually deposited into Binance Exchange.

Block Data Reference

Scammer Address:

https://bscscan.com/address/0xed65cd98…bbb161

Liquidity Removal Transaction:

https://bscscan.com/tx/0x8ebcbfb3…476f68

Deposit Transaction:

https://bscscan.com/tx/0xad22a253…63c014

Case & protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract MCOIN
Official Website mcoinnetwork.com/
Protocol Twitter/X @mcoinofficials

Evidence & learning

Sources and on-chain records

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