79thVault was drained by the project’s own operations private key.
Over the course of an hour, across 7 transactions, 2.01 million 79AU were pulled from the PancakeSwap pool and dumped for 16,249 BNB—about $12.5 million.
Most bizarre of all, the on-chain message saying “leave 10% as a bounty” was also sent by that same key.
Put simply, the ability to pull tokens directly from the pool is a backdoor. Check the contract before buying small-cap tokens.
Over the course of an hour, across 7 transactions, 2.01 million 79AU were pulled from the PancakeSwap pool and dumped for 16,249 BNB—about $12.5 million.
Most bizarre of all, the on-chain message saying “leave 10% as a bounty” was also sent by that same key.
Put simply, the ability to pull tokens directly from the pool is a backdoor. Check the contract before buying small-cap tokens.