What happened
The primary reason for this project's rug pulling was its proxy contract. The development team declined to destroy the contract's admin keys. They made the decision to replace the proxy contract with a new unverified contract that enabled the mint function. One trillion miniCORE tokens were minted onto the EOA wallet. They were exchanged into ETH by the contract deployer.
Mint transaction:
https://etherscan.io/tx/0xeaa1d313…39ef23
Swap transaction:
https://etherscan.io/tx/0xee031238…6147a8
Case & protocol details
Classification
Stablecoin
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
miniCORE
Official Website
minivault.finance/
Protocol Twitter/X
@miniCORETeam
Evidence & learning
Sources and on-chain records
- report Report archive.ph
- analysis de.fi Analysis t.me
- analysis Web Archive web.archive.org
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