SyncDex Rug Pull

Reported loss $442K
Rugpull

What happened

SyncDex Finance rugpulled by the deployer. The scammer stole around 442,470 $USD.

The SyncDex Finance project showed several red flags even before it was rugpulled. Comments were muted on Twitter, and words were added to ban lists on Telegram/Discord channels to prevent concerns about the project from being raised. Moreover, their contract did not allow for withdrawing pledged funds, which is always a warning sign.

The staking pool allowed only admins to withdraw funds while users' assets remained locked up permanently.

Eventually, the deployer pulled out around 442,470 $USD worth of liquidity and vanished into thin air. The official Twitter and website of the project went shut down.

Scammer Address:

Address 0x5aA7…E194

Funds currently on addresses below:

Address 0xE4eD…bCE8

Address 0x80C6…bCF8

Protocol details

Classification Exchange (DEX)
Protocol Type Exit Scam/Rugpull

Build your security review skills

Work through hands-on labs covering real exploit mechanics, review techniques, and defensive patterns.