SAUDI Token Rug Pull

Reported loss $35K
Rugpull

What happened

Quick Summary

SAUDI token project was rugpulled by the deployer after removing liquidity worth 79,555 $USD from UniSwap pool. The total funds lost in this exit scam is 35,331 $USD.

Details of the Exploit

SAUDI is an ERC20 token trading on UniSwap. The token experienced a significant liquidity removal event when its deployer added 25 $ETH as liquidity to the UniSwap pool and then removed it within a short period. The attacker was able to remove 43 $ETH which equates to roughly 79,555$ USD at current market rates.

Consequently, the scammer transferred stolen funds amounting to 35,331$ USD from their original address to another EOA address.

Block Data Reference

Scammer Address:

Address 0xf7A6…F515

Liquidity Adding Transaction:

Tx 0x9df5…a559

Liquidity Removal Transaction:

Tx 0x8a33…1919

Protocol details

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

Evidence

Same attack technique

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