Satt King Hack

Satt King project rugpulled by the initial token holder which removed 52,769 $USD worth liquidity.

Satt King is a BEP20 token trading on PancakeSwap. The token experienced a significant slippage and its price to plummet by over 99%. Investigation revealed that the project was rugpulled by its initial token holder, which received 100,000,000,000 $SattKing tokens when the token contrac was created.

Consequently, the scammer removed liquidity 52,769 $USD worth of $BNB. The funds were transferred to multiple EOA addresses.

Scammer address:

https://bscscan.com/address/0xd6790300…efd773

Malicious transaction:

https://bscscan.com/tx/0x82aedda6…32bfb9

Transfer transaction examples:

https://bscscan.com/tx/0x900e6ac6…b92242

https://bscscan.com/tx/0x47eec68c…2c1503