MetaDAO Honeypot

Reported loss $2.8M
Honeypot

What happened

Quick Summary

The MetaDao Honeypot caused investors approx. $ 2,8 million in damages.

Details of the Exploit

MetaDAO claimed to be the DAO of DAO´s, building a new decentralized universe when in fact the project was a Honeypot all along. The $META token was configured in such a way that it could not be sold on decentralized exchanges, meaning investors funds were trapped. The contract deployer added initial liquidity at:

Tx 0x2322…2ac9

Once the project took on steam, the contract deployer unlocked liquidity and removed $ETH from the pair in the following example transactions:

Tx 0xfb75…03c2

Tx 0xfb68…7c26

The Stolen funds were funneled through the Tornado Cash mixer, example transactions:

  1. Tx 0xaacc…76db
  2. Tx 0x9980…9578
  3. Tx 0xe169…3292
Block Data Reference

The contract deployer possibly blocked token transfers:

Source

Protocol details

Classification Token
Protocol Type Exit Scam/Honeypot
Affected asset / contract META
Protocol links @metadao

Evidence

Same attack technique

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