What happened
Quick Summary
Satt King project rugpulled by the initial token holder which removed 52,769 $USD worth liquidity.
Details of the Exploit
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.
Block Data Reference
Scammer address:
Malicious transaction:
Transfer transaction examples:
Protocol details
Classification
Token
Protocol Type
Exit Scam/Abandoned
Affected asset / contract
SattKing
Protocol links
Website
@StakingAlpha88
Evidence
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