Cryptocurrency
[loss] $2M+
"What Are Liquidity Siphon Rugpulls on BNB Chain?"
Primary Source ↗Financial Loss
$2.0M
(2,000,000 USD)
Blockchain(s)
Bsc
Incident Details
PopcornSwap launched on BNB Chain and then immediately drained its liquidity pool, making off with tokens priced at around $2 million.Binance stated that they had been able to freeze users’ assets on the BNB Chain partway through the incident. However, as of June 2023, Binance had not taken any steps to return the frozen funds to their original owners.
Total loss estimated at $2,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- PopcornSwap
Timeline
- 2021-01-28 Breach occurred
- 2021-01-28 Publicly disclosed