link.png

ID:

metalswap-880

Date:

Status:

Incident Count:

April 14, 2022

Verified

1

info.png
target.png
REKT

Contributor:

chain.png

zerofriction.io

KYC By:

KYC:

No

info.png

Audit By:

Audits:

None

Loss Amount:

Undisclosed

info.png

Recovered:

-

Rewards:

Currency:

USD

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Exchange

Dexes

Scams

Extended Method:

Rug Pull

info.png

Days in Operation:

29

(0.08 Years)

chain.png
chain.png
chain.png
chain.png
datasource.png

MetalSwap is the first-ever decentralized metal exchange on BNB smart chain.

According to the developers, as they were trying to correct the smart contracts, some large whales detected the change and sold their position leading to 'dramatic' decline in the value of $Metal and decrease overall $Metal liquidity.

The developers further claimed that 'we do not have enough funds to support the further development of MetalSwap and maintain our community'. Accordingly, MetalSwap ownership will be transferred back to the community as a DAO.

From our analysis, we believe this to be another rug pull.

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.