Discover and read the best of Twitter Threads about #rugpull

Most recents (24)

🈹 Stop buying #pepedao / #pipipump / #bobcoin, owner can rug you.

Scammer deployed >67 malicious tokens. These contracts are obfuscated and designed to bypass @GoplusSecurity & @Token_Sniffer's rugpull analysis.

~$300k funds have already been rugged.

#ScamAlert #rugpull… Image
@GoplusSecurity @Token_Sniffer So, what's going on?

1. The attacker uses "oowner" to define the owner so that analysis considers the contract has no owner -- really benign in the eye of static analysis!…
@GoplusSecurity @Token_Sniffer 2. The code for rug pull is inside "transfer" and "Approve" functions, very unconventional.
Read 8 tweets
As tech reaches terminal #enshittification, so hollowed that they're barely able to keep end-users or business customers locked in, capital's running the final #rugpull, where all value is transfered from those who make things for a living to those who own things for a living. 1/ A group of firefighters hol...
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on, my surveillance-free, ad-free, tracker-free blog:… 2/
"#ActivistInvestors" have triggered massive waves of tech layoffs, firing so many #TechWorkers so quickly that it's hard to even come up with an accurate count. The total is somewhere around *280,000* workers: 3/
Read 25 tweets
1/ 📚 Welcome to the world of crypto slang! In this thread, we'll dive into the most popular terms and phrases used in the #crypto community. Buckle up, and let's get started! #CryptoLingo $QUACK
2/ 🤗 HODL: A misspelling of "hold" that became a popular term in the crypto world. It means to hold onto your cryptocurrencies rather than selling them, even during market fluctuations. Stay strong, HODLers! 💪 #HODL $QUACK
3/ 😱 FOMO: Fear Of Missing Out. This term describes the anxiety people feel when they see others profiting from an investment or trade, making them want to jump on the bandwagon. Remember, always do your research before investing! 🧐 #FOMO $QUACK
Read 11 tweets
1/15 Recently, I came across a r/cc thread that stated "97.7% of tokens launched on Uniswap were rugpulls according to a finding." The situation on BSC (pancakeswap) is even worse.
Another educational 🧵
#Radix #EVM #rugpulls #liquiditylocks #smartcontracts #cryptoinvesting $xrd
2/15 This particular sentence has caught my eye:

"More precisely, we show that 90% of tokens using locking contracts tend to become a #rugpull or a malicious token eventually."
3/15 Sometimes liquidity locks on #EVM chains are only a few minutes long to trick the bots. Other times, they are legitimate-looking 1+ year locks.
Read 15 tweets
A #flashloan attack on @UpswingFinance resulted in the loss of ~22 ETH (~$35.5K)

The project has appeared inactive since Oct. 2020 and was attacked using price manipulation.

A thread👇 Image
It was a price manipulation attack caused due to the design flaw of the $UPStkn token - the _transfer function of the token.

The attack occurred in three key steps👇 Image
1) the attacker uses 18 swaps to lift $UPStkn's sell pressure. Also, during the swaps, the attacker swaps 1.31 Ether for 136,299.97 UPStkn. Image
Read 5 tweets
Last week, @Gizmodo's @lincodega caught a killer scoop - a leake Hasbro's plan to revoke the decades-old #OpenGamingLicense, which subsidiary @Wizards promulgated as an allegedly #open sandbox for people seeking to extend #DungeonsAndDragons:… 1/ A remixed version of David Trampier's 'Eye of Moloch,' the c
The report set off a shitstorm among #DandD fans and the broader #TTRPG community - not just because it was evidence of yet more #enshittification of D&D by a faceless corporate monopolist, but because Hasbro was seemingly poised to take back a #commons. 2/
RPG players and designers had built that commons over decades, having taken #WOTC and the #OGL at their word.

#Gamers were right to be worried. 3/
Read 54 tweets
1/34 The Ardana and Orbis catastrophe.

Was it a rug or poor strategy & planning?

The 2 Cardano projects swept under the rug while CT was focused on the FTX saga 👇

Cardano is a public blockchain focused on providing a secure and scalable platform for developing and executing smart contracts and dApps.

Being in development since 2015, Cardano has one of the most diverse ecosystems with over 1,000 active dApps.
Cardano's decentralized team is spread across 3 entities:
1. EMURGO - commercial arm
2. IOHK - tech & engineering
3. Cardano Foundation - oversees Cardano
Read 36 tweets
1/ Daily Report:
Despite endless media appearances, #SBF unlikely to testify on 13th.
Over 15.4 million ETH is locked in #Ethereum's staking contract.
3. SBF Concedes Alameda Enjoyed Special Privileges With #FTX.
2/ Daily Report:
SBF: Alameda Has The Highest FTX Borrowing Limits.
Uzbekistan Approves Rules for Issuance and Circulation of #Crypto Assets.
#Uniswap's On-Chain Vote on Fee Switch Proposal to Go Live in 14 Days.
3/ Daily Report:
Return of the #CEX : Binance Trade Volume Market Share Surges.
#Opera Crypto Browser to unlock instant #NFT publishing with Alteon LaunchPad.
#ENS price surges due to this metric, however there was a decline in…
Read 6 tweets
FYI. I’m not at all bitter even if I may sound it. In my youth I studied the history of money and the federal reserve system. After ‘the light bulb went on’, I felt I had no choice but to teach myself to invest/trade (play) the inflation/deflation cycle ‘game’ that the fed plays
Money will always be created in ever growing quantities. The game is to invest now where you’re sure it will flow to next #uranium as a sector is that place. The entire sector has such a tiny market cap (sub $100b) even if you include government owned entities.
Read 4 tweets
Week 13 of our "What is Series"🧑‍🎓

What is a #Rugpull???🤔
A rug pull happens when developers suddenly abandon a project and disappear with the investors' funds. The name is derived from the expression "pull the rug out from under someone".

So how do they work???
Rug pulls typically happen when projects take advantage of their hype and sell the majority of their liquidity. With low liquidity, the price of the token plummets and investors are forced to sell theirs at a significant loss.
Types of Rug Pulls:

Hard Rug Pull

A hard rug pull is a deceptive scheme in which the creators of a project intentionally deplete their liquidity reserves in order to make a profit at the cost of the investors who backed the venture.
Read 6 tweets
Week 12 of our "What is Series"🧑‍🎓
What is a DAO???🤔

A #DAO or a Decentralized autonomous organization is governed by code to ensure it's transparent, democratic and not influenced by a central entity.

So how do they work???
DAOs are created using smart contracts, allowing members to vote on initiatives by simply owning tokens of the DAO.

As a result, decisions can be implemented from the ground up, making all transactions transparent and secure once it's broadcast to the blockchain.
So why use a #DAO?

1. Decentralization- Collective decision making
2. Participation - Anyone can join or create proposals
3. Publicity- All votes and transactions are public
4. Community- Working together for a common goal
Read 6 tweets
🚨 ALERTA ESTAFA #Criptomonedas

¿Has recibido algún mensaje como los de debajo?

Ojo que la avaricia puede ser tu perdición, os explico el nuevo método para recaudar dinero que usan los #cibercriminales #Crypto

➡️SPOILER: Esta historia tiene un final gracioso 🤣

✅Dentro hilo
Ante todo, agradecer a Sergio @Serchs3D el aviso y las capturas

➡️Las palabras que aparecen en las capturas son la "passphrase" o sea, una serie nemónica para generar la clave criptográfica privada que descrifra la wallet

o sea: si tienes las palabras,tienes acceso a la cartera
Lo primero que hay que tener en cuenta que en general, por internet y con desconocidos hay que desconfiar y sobre todo:


2 cuentas con mensajes parecidos, apenas sin actividad ni followers ¿estaba claro, no?
Read 16 tweets
A tale of Not So Stable BNB:

1) This is a thread about @stablebnb and the shady characters that surround it. I have followed them for 3 months and have figured out the scam.

#crypto #stablebnb #rugpull #scam #scamalert $BNB @binance
2) The contract address that was advertised on the website at was 0xfD53b1B4AF84D59B20bF2C20CA89a6BeeAa2c628. This had literally nothing to do with the contract or contracts people were depositing BNB into
3) 0x86530cadc1fcee6b61aa766ef70c0adbdca20a66 is the contract address that most people will be familiar with. When you deposit or stake in this contract you cannot withdraw. You can only take the interest earned which was 3% daily
Read 14 tweets
Remember my on-chain analysis thread, where I talk about looking for suspicious functions?

(Here it is in case you missed it: )

Well, with the Simian Nodes rug, I have a couple of thoughts...

First, we saw our favorite Rug Police Agent @0xLosingMoney do a post-mortem on what happened (here: )

In it he discovered the function in question: boostRewards.

Before this, it was likely that most non-devs wouldn't have known this was suspicious

One thing that sticks out to me though is that this was an OnlyOwner function.

So, I'd like to suggest to anyone looking at getting into a new protocol...consider looking at the contract and search for all of the "Only" functions.

Read 11 tweets
Thought on @AzukiOfficial: I’m one of the unlucky one that who bought back Azuki a few hours before the floor crashed & Zagabond-gate. Did some research on his previous projects and decided to take L & sold my Azuki.
Someone took a screenshot of my listing and made fun of me papering my Azuki, that’s just showing that so many toxic people in the NFT space. Don’t forget who are the victims here, it’s the people who believed in Azuki & Zagabond. If you minted your Azuki then you are fine.
But let’s don’t forget that there are Azuki holders that who bought at 20, 25, 30eth+. We all know NFT is very high risk and Azuki could goes to 0eth tomorrow. If you are the people that who pointed your finger and laughed at ex-Azuki holders paperhanding then shame on you.
Read 10 tweets
Is this a mega thread? Or a crazy rant? I'll let you decide. But I love the #fantom network and I want to go in-depth on why I think it is so undervalued, and what I believe can be done about it.

So here's a thread/rant/whatever about #FTM

Before I go into why I believe Fantom is so undervalued, I want to talk about what I think Fantom, it's representatives, and the @FantomFDN do right.

First, Fantom has one of the best communities....

Fantom has some of the smartest, eager to help, well-spoken people who outwardly represent the chain well.

It's one of their biggest assets.

Fantom also has fantastic representatives and influencers...

Read 42 tweets
Over the past three months we've been tracking and investigating a group of #NFT projects which were brought to our attention after collectively making over 40,000ETH from their communities, not including royalties, rinsing and repeating the strategy across multiple projects 🧵
2/This is the first part of our investigation, an extension of the work done by @RugBustersCO - For reference, and to learn more about the parties involved and Discord activity- please take a moment to read this medium article -…
3/When this piece dropped, over 10 of these projects reached out to claim that it was impossible that their project is connected to other projects. Let's dive in:
Read 23 tweets
A (long) thread of my opinions (as the greatest predictor in history) on two main possible outcomes for the recent "hack" of the Ronin Bridge. #AxieInfinity #Rugpull @Jihoz_Axie
(1) 75% chance - Inside Job/Rug Pull:

In this case, one or more of the Axie team members planned out this attack and executed it like this on purpose.
This one objectively makes the most sense because there were 4 compromised private keys, which are virtually impossible to "hack" unless you have physical access to them. Additionally, the Axie team ignored confrontation about the hack and took all of 6 days to make any response.
Read 16 tweets
1/ List of Upcoming #RugPullMafia Scams
World War 3 Apes : @WW3Apes - Active

Coming soon I guess ...
Imaginary Apes : @Imaginary_Apes
Imaginary Dog: @Imaginary_Dogs
Dinoape:Genesis: @Dino_Ape
Walking ape: @walking_ape
Imaginary Mutant: @ImaginaryMutant
2/ Walking Mutant: @Walking_Mutant
Bored Cats Yacht Club: @BoredCatsYC
The Other World: @NFTotherWorld
Doodle Ape Walkers: @DoodleApeWalker
Stay Safe out there. The space is full or Wolves.
Well @BoreCatsYC is now @CoolCatsYC, different name same scammers
Read 16 tweets
1/ Time to snooze. But before ... I just found out that the #RugPullMafia is set to release @WW3apes SOON. Website is already up and running under :
Collection is set to release on OS under contract: 0x7575c922cc33d4214cd639949da1d08d3aed0798
2/ Same new Registrar they have been using lately and contract created a few days ago and money came from the same wallet which gave us MANY other #RugPulls indcludiong #DoodleZuki
Wallet: 0x4240781a9ebdb2eb14a183466e8820978b7da4e2
3/ GN #NFTCommunity - And get ready for this one. Its coming faster than expected. Maybe in a couple of Hours or days ... Calling all #ASSES on that one @NFT_Awareness @nftscamtracker @Ammo9168 @SylvieAnnalea @ErrorZer0invest @NFTScrutiny @zerofucs123 - Something is coming
Read 8 tweets
An important part of vetting new projects is checking whether the liquidity pool is locked or not.

Many people are confused as to how to do this. So here's a thread on one way to check for yourself if a project's LP is locked.

First, it's important to understand WHY you want the liquidity pool to be locked.

If it's not, then the developers can literally cash in their LP tokens, leaving protocol tokens worthless.

There are two types of locks: time locks and multi-sig locks.

Multi-sig is good, but if all the actors on the multi-sig are bad actors, this doesn't do you much good.

The ideal scenario for a liquidity pool is a time lock. I think 12mo + is best, but many projects are starting to do 6mo.

Read 12 tweets
Το #DeFi ενέχει σοβαρούς κινδύνους απώλειας του κεφαλαίου που «δουλεύει» ειδικά όταν δεν διαχειριστούμε με σύνεση και επιμέλεια την αλληλεπίδραση μας με αποκεντρωμένα πρωτόκολλα. Παρακάτω, ακολουθεί 🧵όπου θα προσπαθήσω να καλύψω τα βασικά χαρακτηριστικά ασφάλειας του #Metamask
1/ Δύο είναι οι βασικοί τύποι έγκρισης στο Metamask
α. Οι Περιορισμένες / Προσαρμοσμένες εγκρίσεις
β. Οι Απεριόριστες εγκρίσεις
2.1/ Η περιορισμένη έγκριση δίνει την άδεια στο έξυπνο συμβόλαιο να πραγματοποιεί συναλλαγές για λογαριασμό μας με περιορισμένα/καθορισμένα ποσά. Αυτό σημαίνει ότι ο τελικός χρήστης θα πρέπει να εγκρίνει τις δαπάνες κάθε φορά που επαναχρησιμοποιεί ένα πρωτόκολλο.
Read 21 tweets

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