What happened
Quick Summary
The MOAM token recently experienced a rug pull incident, leading to a significant loss of approximately $40k USD.
Details of the Exploit
The project team behind the MOAM token executed a rug pull by performing liquidity removal from the Uniswap V2 pool. As a result, they successfully withdrew and transferred a total of 22.35 WETH, equivalent to $40k USD, distributing the ill-gotten funds across four different wallets.
This sudden liquidity removal and token transfer event caught the community off guard, causing substantial financial losses to investors and holders of MOAM token.
Protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
MOAM
Evidence
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