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
According to reports, DeTrade Fund was the biggest scam on Friday, the platform allowing any user to profit by putting money into its arbitrage system and defrauding more than 1,400 ETH raised in a pre-sale. Twitter user Artura discovered that DeTrade Fund is actually run by a Lithuanian. Shortly after Artura’s tweet, the scam’s affiliate addresses distributed hundreds of ETH to presale participants, returning around 65-70% of the initial stolen funds. Attack method (per SlowMist): Scam. Reported loss: $ 1,200,000.
Sourced from
slowmist
Technical record
- chain
- —
- protocol
- DeTrade Fund
- bug_class
- rug
- date_occurred
- 2020-12-14
- loss_usd
- $1,200,000
- source_id
- sm:detrade-fund::2020-12-14
Related — same bug class· rug