PIPI Hack

TOTAL LOST $121K
Low Rugpull

What happened

Quick Summary

PIPI token was rugpulled by deployer, removing liquidity worth 121,373 USD from PancakeSwap.

Details of the Exploit

PIPI is a BEP20 token trading on PancakeSwap. On Nov 15, 2023, the deployer manipulated the token's price and then swapped a significantly larger number of tokens, completely depleting the liquidity pool through the scammer's address. The stolen funds, amounting to 121,373 USD, are still in the deployer's address.

Block Data Reference

Deployer Address:

https://bscscan.com/address/0xCC78A249…C2f66C

Scammer Address:

https://bscscan.com/address/0x6896bd31…4447f9

Liquidity Removal Transaction:

https://bscscan.com/tx/0x2e8d0600…f38fad

Case & protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract PIPI
Official Website www.getpip.com/

Evidence & learning

Sources and on-chain records

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