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ID:

w3m-65

Date:

Status:

Incident Count:

February 23, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

235,000

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Recovered:

-

Rewards:

Currency:

USD, BNB

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According to CoinDesk, on February 23, blockchain security company PeckShield tweeted that the developers of the BNB Chain (formerly BSC)-based Web3Memes (W3M) token have withdrawn nearly 625 of the token’s liquidity pool. BNB and transferred it to TornadoCash. At the time of writing, that amount is worth $235,000.

Blockchain data shows that the token was created early today and listed on BSC-based PancakeSwap shortly after. Over the following hours, more than 1,800 transactions appeared on W3M, with over 1,000 holders at this writing. However, anonymous developers withdrew W3M's trading liquidity about 5 hours after its launch. As a result, W3M's price fell nearly 100%.

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