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 decentralized cross-chain protocol Shido Network on the Ethereum blockchain appears to be a rug pull. The owner of the SHIDO token staking contract first upgraded the staking contract, then withdrew a large amount of SHIDO tokens, and finally dumped a significant amount of SHIDO tokens at a price of 692 ETH (worth $2.1 million). Attack method (per SlowMist): Rug Pull. Reported loss: $ 2,100,000.
Primary source
https://www.odaily.news/newsflash/356637 ↗Sourced from
slowmist
Technical record
- chain
- ethereum
- protocol
- Shido Network
- bug_class
- rug
- date_occurred
- 2024-02-29
- loss_usd
- $2,100,000
- source_id
- sm:shido-network::2024-02-29
Related — same bug class· rug