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
DeFi project DRAC Network appeared Rug Pull, with the price of the token $TEDDY dropping 99.4%. 10,000 $BNB and 2 million $BUSD have been slowly transferred to Binance. It is said that the deployer deployed the contract and transferred a large quantity of $TEDDY to 0xdbe8ef79a1a7b57fbb73048192edf6427e8a5552, then pump and dump the price of $TEDDY. Attack method (per SlowMist): Rug Pull. Reported loss: $ 4,500,000.
Primary source
https://tokeninsight.com/en/news/peckshieldalert-defi-project-drac-network-appeared-rug-pull?at_medium=RSS ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- DRAC Network
- bug_class
- rug
- date_occurred
- 2022-07-25
- loss_usd
- $4,500,000
- source_id
- sm:drac-network::2022-07-25
Related — same bug class· rug