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Detail Analysis

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Date:

Status:

Count:

Contributor:

February 23, 2022

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Verified

1

zerofriction.io

Loss Amount:

235,000

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Recovered Amount:

-

Currency:

Dollars, BNB

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Binance Smart Chain

NFTs

NFTs

Scams

Extended Method:

Rug Pull

Data Sources:

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According to CoinDesk, on February 23, blockchain security company PeckShield tweeted that the developers of the BNB Chain (formerly BSC)-based Web3Memes (W3M) token have withdrawn nearly 625 of the token’s liquidity pool. BNB and transferred it to TornadoCash. At the time of writing, that amount is worth $235,000.

Blockchain data shows that the token was created early today and listed on BSC-based PancakeSwap shortly after. Over the following hours, more than 1,800 transactions appeared on W3M, with over 1,000 holders at this writing. However, anonymous developers withdrew W3M's trading liquidity about 5 hours after its launch. As a result, W3M's price fell nearly 100%.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.