What happened
Quick Summary
On the 21st of April ZKLOTTO on the BSC chain was rugged for approx 609k USD.
Details of the Exploit
The team responsible for managing liquidity in the ZKLOTTO protocol executed a liquidity removal scam, causing the project to suffer significant losses. The contract deployer removed a significant amount of liquidity pool (LP) and sold off the token, leading to a sharp drop of around 90% in its initial price.
Protocol details
Classification
Token
Protocol Type
Exit Scam/Rugpull
Affected asset / contract
ZKLOTTO
Evidence
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