Popeye the Sailor Hack

TOTAL LOST $241K
Low Rugpull

What happened

Quick Summary

The POPEYE token recently experienced a rug pull incident, leading to a significant loss of approximately $241K USD in 129 Ethereum (WETH) tokens.

Details of the Exploit

The project team behind the POPEYE token executed a rug pull by performing liquidity removal from the Uniswap V2 pool. As a result, they successfully withdrew and transferred a total of 129 WETH, equivalent to $241K  USD, distributing the ill-gotten funds across four different wallets.

This sudden liquidity removal and token transfer event caught the community off guard, causing substantial financial losses to investors and holders of POPEYE token.

Block Data Reference

Contract Creator:

https://etherscan.io/address/0x436e7d83…da8016

Liquidity Removal tx:

https://etherscan.io/tx/0xcf1eab70…855232

Case & protocol details

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

Evidence & learning

Sources and on-chain records

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