What happened
Fake Ethereum PoW token was exploited on the Binance chain, causing of loss more than 255,780 $USD of user's funds in $WETH
PoW ETH is a BEP20 standard token, which is not related to the original $ETH or $ETHW. The scammer created ETHW/WETH pair and added liquidity. The scammer had more than 95% token supply in balance and an opportunity to mint an infinite amount of fake $ETHW.
After users began trading on various DEX'es the scammer used the remaining $ETHW tokens to drain $WETH. The profit of the scammer reached 180 $WETH or $255,780 in dollar terms.
Scammer addresses:
Token pair:
Draining transactions:
Protocol details
Evidence
Understand the attack patterns
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