XSTABLE Protocol Hack

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:

https://etherscan.io/tx/0x4e329c94…74de28

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: https://etherscan.io/address/0xcee3101c…bef6a6

Involved contracts:

- Liquidity Reserver: https://etherscan.io/address/0xdc958664…601c83

- Stabilizer: https://etherscan.io/address/0x16a17e12…c91289

- Presale: https://etherscan.io/address/0x79d25fb4…fbaa27

- Liquidity: https://etherscan.io/address/0x7a90d4c4…f027db

Transactions:

- Pair contract creation: https://etherscan.io/tx/0x4e329c94…74de28

0x81d3ec77438b4e99aa99ba25b1dbc3fea317fe3b0x81d3ec77438b4e99aa99ba25b1dbc3fea317fe3b