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ID:

gemswap-461

Date:

Status:

Incident Count:

September 26, 2020

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

1,300,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Scams

Extended Method:

Rug Pull

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Days in Operation:

0

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On September 26, the SushiSwap imitation project named GemSwap was exposed and LP was taken away. The query found that the project posted a tweet at around 15:00 today and revealed that it was attacked by the developer of "whatitdobb". It is understood that the project completed the liquidity migration earlier today, but the developer who initiated the attack had executed this function allowing the address of "feeToSetter" to withdraw the underlying tokens of the LP. And post-migration, this was exploited by the thief. The relevant permission was obtained and the tokens in the liquidity pool were able to be taken away. The specific losses caused by this attack are currently unclear.

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