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.
Case & protocol details
Classification
CeFi
Protocol Type
Exit Scam/Rugpull
Official Website
token.store/
Protocol Twitter/X
@TokenDotStore
Evidence & learning
Sources and on-chain records
- report Report dailyadvent.com
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