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
On June 5, 2021, PolyButterfly, a decentralized financial protocol based on Polygon, disappeared. Its website has been closed, and its Twitter account and Telegram chat history have been deleted. Before this mysterious disappearance, it was revealed that the PolyButterfly code had a dangerous backdoor that allowed the product team to remove customer liquidity. According to RugDoc, the scammers stole more than 600 ether, or more than $1,500,000. Attack method (per SlowMist): Rug Pull. Reported loss: $ 1,500,000.
Sourced from
slowmist
Technical record
- chain
- polygon
- protocol
- PolyButterfly
- bug_class
- rug
- date_occurred
- 2021-06-05
- loss_usd
- $1,500,000
- source_id
- sm:polybutterfly::2021-06-05
Related — same bug class· rug