XSTABLE Protocol Rug Pull

The XSTABLE Protocol was rugpulled by its team.

XStable claimed to be a new form of a synthetic commodity that operates with a free float that over a longer-term achieves stability and forms a volatility hedge across a basket of cryptocurrencies as well as fiat currencies.

The XStable Protocol token price has dropped by 98% after the team removed all traces of the existence of their project on the Internet. During the creation of the pair, the team added $70 ETH:

Tx 0x4e32…de28

The community started buying tokens and liquidity increased to 303 $ETH in 2 days. After enough funds were added into the liquidity pool, the team began to swap $XST for $ETH, taking a profit of $233 ETH.

Involved addresses:

• Scammer address (A), contract creator: Address

Involved contracts:

• Liquidity Reserver: Address
• Stabilizer: Address
• Presale: Address
• Liquidity: Address

Transactions:

• Pair contract creation: Tx

0x81d3ec77…17fe3b