Cryptocurrency
[loss] $600,000
"Metaswap Gas incommunicado as experts link MGAS price drop to rug pull"
Primary Source ↗Financial Loss
$600,000
(600,000 USD)
Blockchain(s)
Ethereum, Polygon, Bsc
Incident Details
1,100 BNB, or around $600,000, were transferred out of the MetaSwap token MGAS, dropping the price of the token nearly 50%. The funds went to a Tornado Cash account, a popular cryptocurrency tumbler. After the transfer, MetaSwap Gas social media accounts were deactivated.
Total loss estimated at $600,000.
Technical Details
- Vendor / Product
- MetaSwap Gas
Timeline
- 2021-12-27 Breach occurred
- 2021-12-27 Publicly disclosed