What happened
On March 28, 2023, the team behind the MYSL Token token executed a rug pull, resulting in a loss of funds worth $38.3K USD.
The attack on the MYSL Token token involved the token contract deployer manipulating the liquidity pool by removing liquidity from the pair contract and selling a large quantity of tokens on the market. This resulted in a rapid drop in the token's price by approximately 90%. The deployer took advantage of their ability to manipulate the liquidity pool and market to execute a rug pull, effectively stealing funds from investors.
The exploit highlights the importance of careful token contract design and the need for investors to perform due diligence before investing in new projects.
Deployer:
https://bscscan.com/address/0x76f3935a…0b0d8a
Example TX of removing liquidity:
https://bscscan.com/tx/0x509d8513…61ec00
https://bscscan.com/tx/0x05fcbb2a…919ff1
Example TX of swaps:
https://bscscan.com/tx/0x6667d56d…9df036
https://bscscan.com/tx/0xa3ba2f54…3e69b3
https://bscscan.com/tx/0xc35e8298…18a281
Case & protocol details
Evidence & learning
Sources and on-chain records
- report Report twitter.com
Practice this exploit pattern safely
Work through hands-on labs covering real exploit mechanics, review techniques, and defensive patterns.