MetaDAO Hack

TOTAL LOST $2.8M
Medium Honeypot

What happened

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

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:

https://etherscan.io/tx/0x2322e3e2…a52ac9

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

https://etherscan.io/tx/0xfb75d381…9303c2

https://etherscan.io/tx/0xfb684e20…fb7c26

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

  1. Tx
  2. Tx
  3. Tx

The contract deployer possibly blocked token transfers:

https://honeypot.is/ethereum.html?address=0x6795a960…dd79e4

Case & protocol details

Classification Token
Protocol Type Exit Scam/Honeypot
Affected asset / contract META
Official Website MetalL2.com
Protocol Twitter/X @metadao

Evidence & learning

Sources and on-chain records

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