What happened
Quick Summary
On Jan 4, 2023, the team behind the PHL Token token executed a rug pull, resulting in a loss of funds worth $103k USD.
Details of the Exploit
claimTokens() on contract 0xA803 executed and allows the team to withdraw a significant amount of tokens for dumping. This resulted in a rapid drop in the token's price by approximately 73%.
Case & protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
PHL
Official Website
philcoin.io
Protocol Twitter/X
@Philcoin_com
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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