Memecoin Hack

TOTAL LOST $188K
Low Rugpull

What happened

Quick Summary

Fake MEME token rugpull by deployer, removing liquidity worth 188,095 USD from UniSwap pool, resulting in a total loss of 105.27 WETH.

Details of the Exploit

MEME is an ERC20 token trading on UniSwap. On Oct 26, 2023, the deployer performed a rugpull by dumping 564,231,958,802,870 MEME tokens and completely depleting the liquidity pool. In the same transaction, the stolen funds were sent to the scammer's address.

The scammer then transferred the funds to another EOA and used Dispers.app to distribute 98 ETH to 50 addresses.

Block Data Reference

Deployer Address:

https://etherscan.io/address/0x8697f6Bf…8F9bf5

Scammer Address:

https://etherscan.io/address/0x4649F627…9f9527

Liquidity Removal Transaction:

https://etherscan.io/tx/0xd7e09b71…b44e1d

Stolen Funds Distribution Transaction:

https://etherscan.io/tx/0x2f8fda5d…71d4cb

Case & protocol details

Classification Token
Protocol Type Farm
Affected asset / contract MEME
Official Website www.memecoin.org/
Protocol Twitter/X @memecoin

Evidence & learning

Sources and on-chain records

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