SAGA (Fake) Rug Pull

Reported loss $1.6M
Rugpull

What happened

Quick Summary

Fake SAGA Token on the BNB chain was rug-pulled by the team with a loss of about  1.6M USDT

Details of the Exploit

The fake token deployer sent a significant amount of tokens to another EOA which performed an exit scam via token dumping on the DEX (Pancake).  The biggest sale drain pool for about of 1,592,169 USDT tokens.

Block Data Reference

Scammer:

Address 0x484f…1f6b

Sell tx:

Tx 0x5096…c48c

Protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract SAGA

Evidence

Same attack technique

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