ChainBleedv0.1 · open intel
← back to feed·RUG2021-06-28 · 4y ago
Incident · SLOWMIST

Vitae

Scam
Estimated loss
$1.12M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
RUG
RUGBYTECODE CATCHABLEAI SCANNABLE
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

European Union legal body Europol has cracked down on the Belgian Ponzi scheme Vitae. Europol raided 17 locations associated with the site, which were advertised as social media sites with their own cryptocurrencies, confiscating German currency and luxury cars totalling over 1 million euros. The company operates in Switzerland under the name VITAE AG. Attack method (per SlowMist): Scam. Reported loss: $ 1,119,810.

Primary source
https://cryptoadventure.com/vitae-coin-founders-arrested-over-alleged-crypto-scam/
Sourced from
slowmist
Technical record
chain
protocol
Vitae
bug_class
rug
date_occurred
2021-06-28
loss_usd
$1,119,810
source_id
sm:vitae::2021-06-28
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