Cryptocurrency
[loss] $3M+
"Relying On Data Analytics Can Help You Avoid Rug Pulls And Scams"
Primary Source ↗Financial Loss
$2.6M
(2,600,000 USD)
Blockchain(s)
Solana
Incident Details
A blatant clone of the extremely popular Bored Ape Yacht Club project, called “Baller Ape Club” and on the Solana blockchain, went live after much anticipation. Shortly afterwards, its creators made off with $2.6 million and deleted their websites and social media. The same group had pulled off one rug pull already, stealing around $150,000, and later went on to do a third rug pull in January 2022.
Total loss estimated at $2,600,000.
Technical Details
- Initial Attack Vector
- Exit scam / rug pull
- Vendor / Product
- Baller Ape Club
Timeline
- 2021-10-01 Breach occurred
- 2021-10-01 Publicly disclosed