Blockchain Intel Tuesday #8

January 18, 2022 - Another city is making a play for Bitcoin as Treasury. Cardano is on the run. A major exchange experienced 'unusual' incident. More rug pulls and scams.

Blockchain News
Hacks and Scams
  • Peckshield reported that there is a vulnerability in the Token BURG contract of the Crypto Burger project, which is currently being exploited. The Crypto Burger project is an NFT project on the BSC chain. The project party posted a message on social media that all wallets and token liquidity have been locked.

  • PeckShield has detected 7 IDO protocol rugged! $GOTEM(gotEM) $ONEP (HarmonyPad) $HBARP (HbarPad) $MPLAY (MetaPlay) $ELIT (Electrinity) $PEE (MicroPee) $QDrop (QuizDrop) rugged, more than 5,744 WBNB! The funds have been deposited to @TornadoCash. Total take ran about $2.6M. This one of many examples of Initial DEX Offering (IDO) scams.

  • Sports nonfungible token (NFT) minting platform and Animoca Brands subsidiary Lympo suffered a hot wallet security breach and lost 165.2 million LMT tokens worth $18.7 million at the time of the hack. 10 different project wallets were compromised in the attack. It appears that most of the stolen tokens were sent to a single address, swapped for Ether (ETH) on Uniswap and SushiSwap, then sent elsewhere.

  • Creators of a non-fungible token (NFT) collection called Frosties vanished after investors poured $1.3 million into the cartoon ice cream digital collectibles. Zero Friction placed the NFT total losses for the year 2022 over $20M so far. Take a test drive of our hack and scam database here.