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ID:

polybutterfly-337

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Date:

Status:

Incident Count:

June 5, 2021

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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50 pts

Audit By:

Audits:

None

Loss Amount:

1,500,000

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Recovered:

-

Rewards:

Ticker:

USD, MATIC

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100 pts
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Platform:

Type:

Category:

Method:

Data Sources:

Polygon

Protocol

Scams

Extended Method:

Rug Pull

Days in Operation:

10

(0.03 Years)

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100 pts each

On June 5, 2021, PolyButterfly, a decentralized financial protocol based on Polygon, disappeared. Its website has been closed, and its Twitter account and Telegram chat history have been deleted. Before this mysterious disappearance, it was revealed that the PolyButterfly code had a dangerous backdoor that allowed the product team to remove customer liquidity. According to RugDoc, the scammers stole more than 600 ether, or more than $1,500,000.

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