Token.Store Rug Pull

Reported loss $160M
Rugpull

What happened

Quick Summary

The team working on the Token.Store wallet decided to close and leave with the users' funds, taking $160 million.

Details of the Exploit

Token.Store is a decentralized cryptocurrency exchange launched in July 2017.

Token.Store meant itself as a centralized exchanger like Binance, FX, with a good development team, user data protection and conscientious owners. In practice, it turned out to be a scam project that at some point "ran away" from its users, investors, while taking a billion $CNY including $BTC, $XRP, $ETH and other currencies.

Protocol details

Classification CeFi
Protocol Type Exit Scam/Rugpull
Protocol links Website @TokenDotStore

Evidence

Same attack technique

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