Mina Protocol Hack

TOTAL LOST $106K
Low Rugpull

What happened

MINA token experienced an exit scam on Oct 25, 2023, with scammers rugpulling and stealing 106,395 USD worth of funds from PancakeSwap liquidity pool.

MINA is a BEP20 token trading on PancakeSwap. The deployer renounced ownership after creating the token, possibly to facilitate a future hack. A scammer minted a significantly larger number of tokens and then rug pulled by selling 1,000,000,000,000,000,000 MINA, completely depleting the liquidity pool.

The scammers sent the stolen funds in separate parts through several addresses to the Binance wallet, resulting in a total loss of 106,395 USD worth 474.25 WBNB.

Deployer Address:

https://bscscan.com/address/0x1EC5a461…76f7F6

Scammer Addresses:

https://bscscan.com/address/0x0920baB9…2da44A

https://bscscan.com/address/0xFcCe0c3B…8FD2d4

https://bscscan.com/address/0xD74C92e4…D3db21

https://bscscan.com/address/0x4797DfaC…3217e9

https://bscscan.com/address/0xDe97Fd46…25a048

Liquidity Removal Transaction:

https://bscscan.com/tx/0xb799b3db…061abd

Sending Stolen Funds to Binance Wallet Transaction:

https://bscscan.com/tx/0x47d2b4f0…4152cb

Case & protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract MINA

Evidence & learning

Sources and on-chain records

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