Pervasive Information Community Organization Hack

TOTAL LOST $112K
Low Rugpull

What happened

Quick Summary

On the 7th of April PICO on the BSC chain was rugged for approx 112k  USD.

Details of the Exploit

The PICO protocol fell victim to a liquidity removal scam by the team responsible for managing liquidity. The contract deployer removed a significant amount of LP and dumped the token, causing it to fall by about 90% from its initial price.

Block Data Reference

Scammer:

https://bscscan.com/address/0xe29addad…239ec7

Liquidity removal:

https://bscscan.com/tx/0x9650dbde…280a8e

https://bscscan.com/tx/0x9650dbde…280a8e

Case & protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract PICO

Evidence & learning

Sources and on-chain records

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