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:
Sale example txs:
Scammer address:
Protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
WSB
Protocol links
Website
@WSBCoinOfficial
Evidence
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