ID:
mmfinance-uuu-and-pak-revolution-1057
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Binance Smart Chain, Polygon
Assets
Token
Scams
Extended Method:
Rug Pull
Days in Operation:
1
(0.00 Years)
100 pts each
MMFinance on BSC rugged its MMF token (not to be confused with MM.Finance, or Mad Meerkat Finance). Same also applied to UUU and PAK tokens.
The scam works as follows:
The deployer created three smart contracts: one works as a trading account buying up the tokens, the second contract adds to liquidity pool and then self-destruct, and the last contract empties the tokens obtained from the mint against the pool. The trading account manipulates the price of MMF allowing the deployer to exit minimal impact to the token price. At some point the trading contract also self-destructs allowing the funds to be exited to another EOA which in turn setup the next scam.
While this scam was identified with this MMF token, it appears to involve several other tokens including PAK REVOLUTION (PKR), and UUU (UUU). The progression of this analysis indicates that it started with MMF and then to UUU and ended with PAK.
So far, approximately 200 BNB has been deposited across the scammer accounts into Binance.
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.