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Check Point Research Unraveling the Rug Pull: a Million-Dollar Scam with a Fake Token Factory
Nov. 21, 2023, 3:40 p.m. | MalBot
Malware Analysis, News and Indicators - Latest topics malware.news
By Oded Vanunu, Dikla Barda, Roman Zaikin
Highlights
· Blockchain Vigilance Unveils Million-Dollar Heist: Our Threat Intel Blockchain system uncovered an ongoing Rug Pull event, and traced the actor behind this scheme
· The Scammer’s Tactics: Exploiting Hype for Ill-Gotten Gains, The perpetrator lured unsuspecting victims into investing.
· Unraveling the Scam: A Step-by-Step Deception The scam operated in several stages, including the creation of fake tokens, the manipulation of liquidity pools, simulated trading activities, and the extraction of funds. …
actor blockchain check check point event exploiting factory fake heist hype intel point research rug pull scam scammer system tactics threat threat intel token uncovered vigilance
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