Swello Finance Hack

TOTAL LOST $210K
Low Rugpull

What happened

Swello Finance has been rugpulled by the contract owner of the project. The contract owner called the pullForBNB() function through an unverified contract that dumped $SWLO against $WBNB via PancakeSwap.

Swello Finance was a staking service provider with a high APY rating.

The token owner address received 3.8b $SWLO tokens from the contract deployer in this tx: https://bscscan.com/tx/0x66bc6833…c690a4.

Then the token owner interacted with an unverified smart contract that was created by the scammer. By calling  the pullForBNB() function the smart contract exchanged 7.3b $SWLO tokens in total on PancakeSwap to ~891 WBNB  and transferred the funds to the scammer wallet address (https://bscscan.com/tx/0xb99d2914…5b9971).

As the time of this writing information on this case is scarce. More sources will be added if the case should develop.

Scammer address (A): https://bscscan.com/address/0xf23c31aa…b67c32

Scammer address (B): https://bscscan.com/address/0x70d4a89b…e13100

Scammer's contract: https://bscscan.com/address/0x4aa97b49…3d5e6f

Involved addresses:

https://bscscan.com/address/0x511396d9…5dc22c

https://bscscan.com/address/0x7cc49028…be7e79

Addresses contacted with scammer's contract: https://bscscan.com/address/0x4aa97b49…3d5e6f#tokentxns

Case & protocol details

Classification Other
Protocol Type Exit Scam/Rugpull
Affected asset / contract SWLO

Evidence & learning

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