Check Point Research Unraveling the Rug Pull: a Million-Dollar Scam with a Fake Token Factory

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. …

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