MetaDAO Hack
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:
The contract deployer possibly blocked token transfers:
https://honeypot.is/ethereum.html?address=0x6795a960…dd79e4
Case & protocol details
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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