TICKER

Insider Manipulation

Estimated loss

$900.0K

VERDICT —OUT OF SCOPE

Root cause is social engineering — privileged personnel deceived into authorizing the drain. Contract behaved as written. Defense lives in process controls (multi-party approval, M-of-N signoff windows), not in smart-contract review.

▰ METHOD

SOCIAL ENGINEERING

SOCIAL-ENGINEERING

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

TICKER project developer steals $900,000. A developer brought on to run a presale for the TICKER token stole $900,000 from the project. 15% of the token supply was sent to the developer to distribute via an airdrop, but instead of doing so, the developer sold the majority of the tokens for around $900,000. Attack method (per SlowMist): Insider Manipulation. Reported loss: $ 900,000.

Primary source

https://www.web3isgoinggreat.com/?id=ticker-rug-pull ↗

Sourced from

slowmist

Technical record