ID:
swello-finance-949
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Binance Smart Chain
Assets
Token
Scams
Extended Method:
Rug pull
Days in Operation:
86
(0.24 Years)
100 pts each
Swello Finance reported that they were tricked by a fake profile of Kevin Cohen on Upwork to bring on a developer who in turn, supposedly, inserted some malicious code into the smart contract from which this person later utilized to transfer Swello tokens which later was swapped for 891 BNB.
According to the project team, the person worked on GaryVee’s VeeFriend NFT project and many other notable projects thus was deemed to be a good fit. The addresses from which the fund was sent to was not any one recognized by the project team. After investigating with Upwork, “Kevin Cohen” was a fake name and was booted off their platform shortly after the project team hired him, without notifying the project team.
Our team here at Web3REKT cannot believe a project team lacks this level of due diligence. APY for this project is also unachievable (paid 146,848% APY passively through $SWLO). All indicators point to a rug pull.
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.