What happened
Quick Summary
On the 7th of April LASA on the BSC chain was rugged for approx 112k USD.
Details of the Exploit
The team responsible for managing liquidity in the LASA 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.
Protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
LASA
Evidence
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