Bnb42 Rugged: Reportedly More Than 6,400 BNB (~$2.7m) Lost

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Key Takeaways:

  • Bnb42 a 100% decentralized investment platform that operates on the Binance Smart Chain is rugged.
  • The deployer drains more than 6,400 BNB (~$2.7m) from an unverified contract.

Today PeckShield detected that Bnb42 is rugged. According to PeckShield, the deployer drains more than 6,400 BNB (~$2.7m) from an unverified contract. The rugged funds were initially held in 0x9b74fde50f3fcd3a02fafea6a187092630d6eb8f and then split into 8 addresses as shown in the image below.

Rugged Funds Storage Addresses
Rugged Funds Storage Addresses

According to a Twitter user named Opinión y Noticias On Fire, Virtual Mining offered a 200% return on investment. Unfortunately, the website was taken down around noon on Feb 14th, and the investors’ money was withdrawn to several wallets, as shown in the image below.

Investor'S Money Withdrawn To Multiple Wallets
Investor’s Money Withdrawn to Multiple Wallets

According to this user, the accomplices of the Fraudsters were located by the investors because they left traces by the blockchain and had Wallets through the application telegram. He even said in his Threads that the money of the scam more than 2 million $ are being laundered with the APP Tornado. Therefore, hundreds of Venezuelans were victims of the scheme.

Bnb42 is a 100% decentralized investment platform that operates on the Binance Smart Chain. Technology allows investors to deal directly with one another in a decentralised market rather than through a centralized exchange. Virtual markets that use decentralized currency, or cryptocurrencies, are decentralized.

Chaahat Girdhar
Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.

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