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ID:

meerkat-finance-385

Date:

Status:

Incident Count:

March 4, 2021

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:

31,000,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Protocol

Scams

Extended Method:

Rug Pull

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Days in Operation:

1

(0.00 Years)

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Decentralized finance project Meerkat Finance has claimed it was drained of $31 million in crypto assets just one day after launching on the Binance Smart Chain. The Meerkat Finance team announced via its Telegram channel around 9:00 UTC Thursday that its smart contract vault had been compromised, The Block reported. The DeFi project was drained of 13.96 million BUSD and 73,653 BNB (both Binance tokens), adding up to over $31 million in total.

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