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ID:

snowdog-dao-182

Date:

Status:

Incident Count:

November 28, 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:

30,000,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Avalanche

Currency

Assets

Scams

Extended Method:

Rug pull

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Days in Operation:

0

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This weekend, the biggest carpet pull in Avalanche history shocked the network and its users. SDOG is the first meme coin launched on Avalanche, with a price of up to 10 million U.S. USD, and the team admitted that they "smashed it up." On the other hand, however, what they called a "game theory experiment" went wrong. Snowdog DAO is the protocol behind the SDOG token, and as of press time, its value has lost more than 90%. This is a complex plan that involves insiders using a "key" in a smart contract that only they can access.

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