ProjectX Hack

TOTAL LOST $28K
Low Rugpull

What happened

ProjectX has been rugpulled by the token creator. The token creator minted 1M $PXT tokens which were distributed among several addresses that dumped the token price taking profits of ~$28K.

ProjectX was a nodes as a service project promising passive income to its holders.

The creator of the contract, deployed the token contract into the network and minted himself 1M $PXT (https://snowtrace.io/tx/0xf9cb648f…299dd5).

Then, 1M$PXT tokens were sent to the scam address (B) in this transaction (https://snowtrace.io/tx/0x07ca8447…47ea97)

The team opened a liquidity pool on Trader Joe, where the liquidity with a profit of 584 $WAVAX was ultimately removed

(https://snowtrace.io/tx/0xc674da82…48d4b9).

At the time of this writing funds are partly located at this address (https://snowtrace.io/address/0x9c02ac14…1151fa).  The scammer address (D) received 500K $PXT tokens from scammer address (C), and swapped the tokens to 911.21 $WAVAX in these two transactions:

  1. Tx
  2. Tx

Token contract address: https://snowtrace.io/address/0x9adcbba4…14cafd

Token creator address: https://snowtrace.io/address/0x9dc72782…bf67fd

Scammer addresses:

  1. Address
  2. Address
  3. Address
  4. Address

Involved address: https://snowtrace.io/address/ 0xFbB3A79B…CA3987

Case & protocol details

Classification Other
Protocol Type Yield
Affected asset / contract PXT
Official Website projectx.financial/
Protocol Twitter/X @projectxfinance

Evidence & learning

Sources and on-chain records

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