What happened
Quick Summary
On the 19th of April Pepe coin on the BSC chain was rugged for approx 95k USD.
Details of the Exploit
The team responsible for managing liquidity in the Pepe coin 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
Liquidity removal txs:
https://bscscan.com/tx/0x26eefe9e…e93dfc
https://bscscan.com/tx/0x51d42241…09aacf
https://bscscan.com/tx/0xb812b789…a47de5
Case & protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
PEPE
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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