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
The liquidity mining project Narwhal’s token experienced two considerable drops within a two day period leading to an overall slippage of approximately 99%. The project’s official X account @Narwhal_fyi, announced that they had experienced an exploit, but did not give any specific details. On-chain links suggest this incident was an exit scam. Approximately $1 million worth of funds were deposited into Tornado Cash with a further $410,000 sitting in two wallets. Attack method (per SlowMist): Rug Pull. Reported loss: $ 1,500,000.
Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Narwhal
- bug_class
- rug
- date_occurred
- 2024-01-05
- loss_usd
- $1,500,000
- source_id
- sm:narwhal::2024-01-05
Related — same bug class· rug