Cashera Rug Pulled, Around $90K Stolen

Share IT

Key Takeaways

  • Cashera is rug pulled as 23,000,000 CSR tokens were minted and swapped by the contract deployer address, which caused a 71% price drop, and around $90K were taken.
Token Price Crash Of Cashera
Token Price Crash of Cashera

Here is the contract address:

Below is a quick overview of this project.

Cashera has described itself as a Crypto Banking Revolution. Its native token, i.e., CSR, is a simple BEP-20 utility token that provides a range of benefits and incentives to Cashera Wallet users. Cashera Wallet is a cryptocurrency wallet that supports dozens of popular native assets and popular tokens on the blockchains..

They have not posted anything regarding this sudden price drop on their Official Twitter and Telegram Accounts.

According to the information provided by The Rug List, Cashera has registered as a UK Limited Company called Cashera Ltd and has fraudulently set their office address.

Address Of The Business
Address of the Business

If we try to find more about this address on Google Maps, this address belongs to BarclaysUKHelp.

They have conducted their initial presale on pinkecosystem and made a false claim that they had been KYC’d by CompaniesHouse in order to manipulate investors to raise 372 BNB, i.e., around $148,000 to launch their project.

In order to provide financial services like banking and debit cards in the UK, companies must be registered with TheFCA. However, there is no record of Cashera on this register.

They have claimed that their owner is Adam Oscar, who has 12 years of banking experience in UK. However, there is no record of this individual on the FCA Register.

On 1st May 2022, Team Tokens worth $1,000,000 were unlocked by Pinksale and Team wallet i.e. 0xBaA0C3523877C68d26B88930AEe3FC1C44801344 holds 33% of that supply, and just under half (15M tokens) was eligible to be sold by the Team.

Cashera Rug Pulled, Around $90K Stolen

On 7th May 2022, a further 8% (8M tokens) was unlocked, which allowed the Team to sell another $533k USD worth of tokens, based on the market cap of $5 Million at that time.

Cashera Rug Pulled, Around $90K Stolen

They have registered their company using MadeSimpleGroup as their agents for a small fee of $50, which aided them in avoiding doing KYC directly with CompaniesHouse.

Cashera Rug Pulled, Around $90K Stolen

On 11th May 2022, they have tweeted that they are listed on CoinSniper. But Cashera has been banned by CoinSniper Team.

Cashera Rug Pulled, Around $90K Stolen

Here is the token address: It has a supply of 100,000,000 tokens. Currently, 2,651 addresses are holding it.

Here are some other Rug-Pull Scams our readers should know about:
  1. Cardinal DeFi Rug Pulled, Around $50K worth of Juno Stolen
  2. ElonMoonSpace Project Rug-Pulled, Around $171K Lost
  3. Crypto Klash Rug Pulled, Around $340K Stolen
  4. MaxAPYFinance Rug Pulled, Around $440K Stolen
Share IT
Yash Kamal Chaturvedi
Yash Kamal Chaturvedi

Btech Computer Science, Maharshi Dayanand University, Rohtak (2023)

Get Daily Updates

Crypto News, NFTs and Market Updates

Claim Your Free Trading Guide

Sign up for newsletter below and get your free crypto trading guide.

Can’t find what you’re looking for? Type below and hit enter!