What happened
Many users noticed that the project token's rebasing function was always negative. As a result, they were losing tokens in which they had invested. The project also made use of the mint function, which was managed via an EOA wallet:
https://etherscan.io/tx/0x365a45f8…33e100
Another warning flag is a proxy contract. The owner sold a large number of tokens at this transaction:
https://etherscan.io/tx/0x16a0abbe…6e0e9f
After that, the team began to justify themselves on the project's Twitter account.
Case & protocol details
Classification
Yield Aggregator
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
Xdef
Official Website
xdef.finance/
Protocol Twitter/X
@XdefFinance
Evidence & learning
Sources and on-chain records
- report Report archive.ph
- analysis de.fi Analysis t.me
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