Mapping a Serial Rug Pull Scammer on Binance Smart Chain

August 27, 2022. ISACA published an article yesterday detailing how web3rekt.com was utilized in the mapping of transactions of a serial rug pull scammer who has taken over $2M since July 30, 2022.

https://www.isaca.org/resources/news-and-trends/isaca-now-blog/2022/mapping-a-serial-rug-pull-scammer-on-binance-smart-chain


Chad Friedman, one of the Web3rekt.com's contributors, supported the analysis and the writeup. Big shout out to Chad!


The article discussed some tracing techniques using blockchain explorers to identify sources of funds, hidden and mint transactions, and transfer (the Getaway), all of which are hallmark patterns of a rug pull.


There are tons of other nuggets in the article to help you with your blockchain investigation knowledge. It is a recommended read for all analysts.