Rug Pull Mafia Active, Stay Aware

Key Takeaways:

  • Certik Team has detected a BSC address i.e. 0xE574D53100e9329b3F9F2AAa3ddc59dAd5019946 which is creating multiple projects for rug pulls.

NYM token was soft rug pulled, leading to a 12.72 BNB loss.

Disclaimer: The NYM token deployed on BSC is not the same token deployed on Ethereum, though the token names are the same.

NYM token deployer has already soft rug pulled many other unverified tokens. The deployer used the attention from the actual NYM announcement to attract the victims to buy the fake NYM on BSC, and the soft rug was pulled afterward. These activities are highly suspicious scams.

Below are a list of potential scams involved and the amount that has been rugged.

Rug Pull Mafia Active, Stay Aware

Here is the Strategy of the Hacker;

  1. The deployer deploys an unverified token contract.
  2. The deployer creates a pool and adds initial liquidity using the newly created token and WBNB, i.e., 200 WBNB.
  3. After some victims buy the unverified fake token from the pancake pool, the deployer removes the liquidity.

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
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Yash Kamal Chaturvedi

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

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