WSB Coin Hack

TOTAL LOST $635K
Low Rugpull

What happened

Quick Summary

On the 4th of May WSB Coin (WSB) on the Ethereum main net was rugged for approx 635k USD.

Details of the Exploit

The team was responsible for managing tokens in the WSB protocol executed a token dumping scam, causing the project significant losses. One of the team addresses received a substantial amount of tokens by calling the claimWSBModeratorsAllocation() function and sold off the tokens, leading to a sharp drop of around 90% in its initial price.

Block Data Reference

claimWSBModeratorsAllocation call:

https://etherscan.io/tx/0xef1b6db5…f615b3

Sale example txs:

https://etherscan.io/tx/0x0075880c…a4d7eb

https://etherscan.io/tx/0x5f79dbd0…2c56b8

https://etherscan.io/tx/0xe6d7f1e7…057a7e

https://etherscan.io/tx/0x1289072f…3648ec

Scammer address:

https://etherscan.io/address/0x0ae042d2…fe7894

Case & protocol details

Classification Token
Protocol Type Exit Scam/Rugpull
Affected asset / contract WSB
Official Website wsbcoin.org/
Protocol Twitter/X @WSBCoinOfficial

Evidence & learning

Sources and on-chain records

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