Philcoin Rug Pull

Reported loss $103K
Rugpull

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%.

Block Data Reference

Deployer:

Address 0x6500…7a45

Protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract PHL
Protocol links Website @Philcoin_com

Evidence

Same attack technique

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