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ID:

nectar-1061

Date:

Status:

Incident Count:

August 20, 2022

Unverified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

97,493

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Recovered:

-

Rewards:

Currency:

USD, NCTR

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Avalanche

Assets

Token

Scams

Extended Method:

Rug Pull

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Days in Operation:

32

(0.09 Years)

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Certik Alert reported that Nectar (NCTR) creator removed liquidity.

Onchain analysis indicated the deployer added originally approx. $80k in USDC, and then removed the LP across seven transactions. The first two TXs were small, between $1 to $1.5, possibly to test the mechanism. The next five TXs was more extreme in value.

https://www.tradingview.com/x/VwVMPfkU

The deployer since has attempted to buy back some of the tokens but still retains at least $100k of the net profit of this rug pull.

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