Thread by @xFoudres

$EGLD CRASH ON $MAIAR EXCHANGE [THREAD]

Tonight, something that i will call an attack was done on Maiar Exchange (imho). EGLD Price go to hell at 5$ then Maiar Dex was stopped

How is it possible ? a thread ⬇️

RT, Like and comments really apreciated, thanks a lot ♥️

in this operation I identified several account that are in cause of this crash :

erd1cura2qq8skel5fsxrpxyysjkaw6durengtkencrezkw78y6y2zhscf854j

erd1yrf9qeuqkcjeh5c4xn628mags7cse4r9ra2p2ggmlgfqq3l3v6pqxfu950

erd16syfkds2faezhqa7pn5n8fyjkst70l5qefpmc0r960467snlgycq4ww0rt

This 3 wallets was those who selled a HUGE amount of EGLD

They we're created at the same time and received some fund from Binance, then they deployed a smart contract (in blue) with called a method "deploy" with this one in green (i think)

After Smart Contract deployment, they call a method "Withdraw" and received over 1600k EGLD ? WTF HOOOW ? from where come from the money ? if they are some #Elrond devs here, i will glad to know more about this

The 3 wallets received, 800k, 400k and 450k #EGLD and started to dump them 200k USDC by 200k USDC (Blue), Unwrap them to have USDC on ETH chain (Pink) and then bridge them (Green)

One account done a unique bridge with UTK, maybe he wanted to buy more, make yourself comfortable we will say nothing...

They started to dump them at 22h08 as a test and then like a chain industry, #EGLD lost 92% of his value in 38 min, then Elrond Team stop Maiar Dex and put it in maintenance

On the 1,650 millions EGLD, they sold 951 of them and succeed to bridge 5,6 millions of USDC before the maintenance.

88k of EGLD was send on this account too :

erd1t5nspvqquxxmscdl7d4r7emn7929vhdthc5w72xrn9zqwcm5cfsqn276je

this account sended 38k to Binance but 50k still here

in conclusion :

on the 1,650 m EGLD :
=> 5,6 m USDC and 38k EGLD are gone
=> 10 m USDC, 170k UTK and 180k EGLD still on the 4 wallets (1) (2) (3) (4)

When i see this, i open a little short on Binance, take a 60% profit but i'm pretty suprised that the price don't go more deeper with this story, hope it's a good things

The secret about this story is from where this fucking million #EGLD appears ?

They don't came from a Bridge, only UTK and USDC can be bridged, so from where ? I hope this is not a flaw in the blockchain who alowed to created EGLD.

We can see only 2 transaction on the SC

There is no one incoming transaction, so it's very weird, if you have information about that, wrote it in comment please !

If someone know how to check the smart contract code please tell me (i don't know if its possible)

If i found something new i will post it under this tweet, thanks for the sharing guys.

For french people i will certainly wrote an article on @Cryptovore_fr so don't hesitate to follow this account and mine ! Thanks and take care about your coins ♥️

NEWS :

I tracked 3 adress that received the bridged USDC, the bridges ETH SC :

0x92a26975433a61cf1134802586aa669bab8b69f3

receivers wallets :

0x8A6b84a3f95Ecf40F5991C99635F1F5467c4d2D9
0xa997D04e2F301196f08ea30aec2883bA9F34B8eD
0x53b70C26A5ffA5da24C737b6109Dd1F4E4d9d895

All USDC received by the 3 wallets were send to this Smart contract

0x74de5d4FCbf63E00296fd95d33236B9794016631

thats seems that they swapped USDC for ETH on Uniswap V3

etherscan.io/tx/0x30006d8f6…

New things :

another wallet, at the beggining i was find this suspicious but @skyroz confirm me that this adress is an arbitrage bot between DEX and CEX :

erd1qqqqqqqqyvkur40pp8y3e64ys44925wug9kmh5k6gyd5rnkxjztsxv3eus

analyze it anyway, Thanks @Skyzox for the corrections

this account received 700k USDC (1) and buy EGLD first time at 57$ and then at ~5$

On this transaction, this wallet buy 1000 #EGLD for an price of 5,4$ (2)

in Total the bot buyed 98200 EGLD at the average price of 5,7$ (3)

Then he send ~70k EGLD on Binance and Kucoin wallet that i mentionned upper (1) (2) ~30k still on this wallet (4)

But i don't know where the 104k USDC that are not used ? i verify many times all transactions, maybe i must to sleep ^^ it's not very important but trigger me

remember not fudding, just analysis, and short a coin to catch the fears its not fud, just opportunity to have more liquidity to buy back more🙃

and the end of the fears ? ELGD back to 71$ on
@eCompass_io

always against the storm, Elrond ♥️

NEWS

3 of 4 account who are in cause yesterday just send all their fund that still in the wallet

Wallet (1)/(3)
Wallet (2)/(4)

we don't see the value of the egld wallet, sorry for the bad screen but trust me all the funds have been sent to this new address, I made the count

Wallet (1) and his fund during the maintenance (2) the
384k tokens sended was in the EGLD Balance that i did't count yesterday.... sorry i made a sleepless night when i wrote my thread

all tokens sends to :

erd1pml9k2tsqsnvtmmalglt2su0sn3cguvr8e8jq0gy69zw2ldcej2qapml9a

The real remaining EGLD on the 4 wallets is ~820k

only ~800k EGLD was sold (not 951k) and ~88k send on the fourth wallet

so the real calcul of all token they obtained :

~820k (on wallet) + ~800k (sold) + ~38k (send on binance) = 1.658m

the count is better like that ^^"

I don't know what this new wallet is.

I see some unverified sources in the twitter space that say this wallet is to the elrond team that takes back the tokens. But I haven't seen any trust argument, it can still be the hacker's.

The team of Elrond will tell us.

Finally, from what I've talked to several devs:

It appears that the hackers are using a loophole on the liquidity of the wEGLD <> EGLD smart contract, and with the taking of all the wrapping liquidity for EGLD pairs, the amount they sold had a huge impact on his price.

I can't explain how the loophole works, it's beyond my knowledge. I let the devs on twitter space or Elrond Team explain it to us !

This tweet it's the very end of this Thread, i will quoted retweet this if we have some very new trusted information !

Good night everyone