Pragma Money Rug Pull

Reported loss $1.5M
Rugpull

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: Address 0x5884…29d5

0x81d3ec77…17fe3b

Protocol details

Classification Exchange (DEX) / Yield Aggregator
Protocol Type Exit Scam/Rugpull
Affected asset / contract PRAGMA

Evidence

Same attack technique

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