What happened
Quick Summary
The Pragma Money team announced that the project was rug pulled for 1,500,000 $USD worth of $FTM
Details of the Exploit
Pragma Money is DeFi protocol that provides staking and other features on Fantom. The team announced on Discord that $wFTM and $FTM assets worth 1,500,000 $USD were drained from the project's Treasury and Team Wallets. The culprit in this incident appeared be a team member.
Although, other team members had to sign off on the transaction.
Block Data Reference
Address of the team wallet: https://ftmscan.com/address/0x58840ef9…7e29d5
0x81d3ec77438b4e99aa99ba25b1dbc3fea317fe3b0x81d3ec77438b4e99aa99ba25b1dbc3fea317fe3b
Case & protocol details
Classification
Exchange (DEX),Yield Aggregator
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
PRAGMA
Official Website
www.sigma.money
Protocol Twitter/X
@sigmadotmoney
Evidence & learning
Sources and on-chain records
- report Report archive.is
- report Report archive.is
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