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
Encryption project Encryption AI (0XENCRYPT) crashed 99% as the developers behind it performed a retreat. Losing a total of $2 million, the developer released a message citing his online gambling addiction. Attack method (per SlowMist): Rug Pull. Reported loss: $ 2,000,000.
Primary source
https://beincrypto.com/encryption-ai-rug-pulls-2m/ ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Encryption AI
- bug_class
- rug
- date_occurred
- 2023-07-03
- loss_usd
- $2,000,000
- source_id
- sm:encryption-ai::2023-07-03
Related — same bug class· rug