VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
‘Blockchain for dog nose wrinkles’ Ponzi makes off with $127m. A South Korean company lured investors with its new technology: a blockchain app that can identify dogs by their nose wrinkles.The investigation found that what the company promoted to be its dog nose wrinkle reader was fake.The South Korean police say investors have lost more than $100 million in what it describes as a “typical Ponzi.” Attack method (per SlowMist): Scam. Reported loss: $ 127,000,000.
Primary source
https://www.dlnews.com/articles/people-culture/korean-blockchain-for-dog-nose-wrinkles-crypto-scam-127m/ ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Blockchain for dog nose wrinkles
- bug_class
- rug
- date_occurred
- 2023-06-25
- loss_usd
- $127,000,000
- source_id
- sm:blockchain-for-dog-nose-wrinkles::2023-06-25
Related — same bug class· rug