Snowflake Floki Hack

The Snowflake Floki smart contract contained a transfer tax component that allowed the project deployer to ramp up the transfer fee of each transaction up to 100%, netting the deployer approx. $ 70k in ill-gotten funds.

The Snowflake Floki project was practically an imitation of the meme coin Floki Inu but promised to develop a metaverse casino. The $SFF token would have played the role of the in-game currency used for bets in Poker, Blackjack and Roulette. In order to make the $SFF token tradable, the contract deployer added initial liquidity in the below transaction:

https://bscscan.com/tx/0x371a142d…02fd57

A closer look at the $SFF smart contract should have alerted investors since the transfer taxes were adjustable by the contract deployer. This empowered the contract deployer to set fees up to 100% for each transaction, sending the tokens to his address:

https://bscscan.com/address/0x78cd0ea1…b67570#code#L1092

The deployer took advantage of the changeable transfer fee set it to 95% for selling SFF token:

https://bscscan.com/tx/0xe8e6680e…f678e5

In order to squeeze as much as possible out of the project, the deployer also removed liquidity several times :

https://bscscan.com/tx/0x18168c04…f73957

https://bscscan.com/tx/0xd9018a15…1cee15

https://bscscan.com/tx/0xd3ddc09b…126e04

https://bscscan.com/tx/0x3cbb6a94…06144a

https://bscscan.com/tx/0x555b7329…46f65b

The website and social media have been taken down.

Contract Deployer Address:

https://bscscan.com/address/0x731e5bb9…fbf44c