Neoteric Finance Hack

The Neoteric Finance project was rug pulled by its team. The profit received from this project amounted to 67 $BNB.

Neoteric is a mechanism for creating a meta-market with constant liquidity, which increases liquidity as more transactions are made.

The Neoteric project created a Telegram group and a Twitter account to attract users, they also have a simple website in which information about the project and the purpose of the project are written on a page. A day after the creation of the NTRC/BNB pair on PancakeSwap, they posted a post on Twitter about the successful capitalization, which attracted the attention of users.

Here is the pair creation transaction: https://bscscan.com/tx/0x574679ed…8fd93a

The token creator received 100 $BNB from the scammer address (B): https://bscscan.com/tx/0xc965f8c0…dd176b

Then, when the price appreciated, the token creator removed liquidity taking a profit of ~67 $WBNB in these two transactions:

1. Tx
2. Tx

The team conducted the same scheme with the $PEECAT token.

As the time of this writing information on this case is scarce. More sources will be added if the case should develop.

Involved addresses:

Token creator, scammer address (A): https://bscscan.com/address/0x8f0d9acb…2387e4

Scammer address (B): https://bscscan.com/address/0x6e9afd53…2209b1

Transactions:

Deployment transaction: https://bscscan.com/tx/0x8b26c3e8…742c18