What happened
A single wallet executed numerous rugpulls across 31 tokens, amassing approximately 547,066 $USD.
The Ethereum-based Serial Scammer operated a MEME coin factory, creating a total of 31 tokens. Each token created contained a privileged minting function. The scammer would add liquidity to facilitate purchases and then drain all the $WETH from the pool just a few days later. The funds lost were calculated as the current holdings of the scammer, totaling 255.16 $ETH and 33 $WETH.
The scammer utilized a token factory they themselves deployed, allowing them to generate these fraudulent tokens. A closer examination reveals a similar pattern in all the tokens created by the scammer. One such instance involved the removal of liquidity using a specific token, resulting in a substantial withdrawal of approximately 68k USD worth of ETH.
Scammer Address:
Example of Token Creation:
Example of Draining Transaction:
Protocol details
Evidence
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