What happened
The ROACH token recently experienced a rug pull incident, leading to a significant loss of approximately $160,000 USD in 88.1 Ethereum (WETH) tokens.
The project team behind the ROACH 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 88.1 WETH, equivalent to $160,000 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 ROACH token.
Contract Creator:
https://etherscan.io/address/0x6007d8d7…531c2a
Liquidity Removal tx:
https://etherscan.io/tx/0x1aaf5bd1…07fac2
Case & protocol details
Evidence & learning
Sources and on-chain records
- report Report twitter.com
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