What happened
Quick Summary
On the 16th of April MOVE on the BSC chain was rugged for approx 87k USD.
Details of the Exploit
The team responsible for managing liquidity in the MOVE protocol executed a liquidity removal scam, causing the project to suffer significant losses. The contract deployer removed a significant amount of liquidity pool (LP) and sold off the token, leading to a sharp drop of around 90% in its initial price.
Block Data Reference
Scammer:
https://bscscan.com/address/0xf0135add…46b357
Liquidity removal:
https://bscscan.com/tx/0xee70a89b…4076be
Case & protocol details
Classification
Token
Protocol Type
Ponzi
Affected asset / contract
MOVE
Official Website
viescoin.xyz/home
Protocol Twitter/X
@ViesCoin
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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