Cryptocurrency [loss] $141,000

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2022-01-19 [vendor] Kingfund Finance [chain] bsc
Primary Source ↗
Financial Loss $141,000 (141,000 USD)
Blockchain(s) Bsc

Incident Details

Kingfund Finance suddenly drained more than 300 WBNB (about $141,000) from their project. This happened a few days after users began to report being blocked by the project’s Twitter account and kicked from its Telegram channel for reporting issues with unavailable funds, apparently an attempt to buy time as they prepared for their exit. Around the time of the rug pull, they took their Twitter and website offline.

Total loss estimated at $141,000.

Technical Details

Initial Attack Vector
Exit scam / rug pull
Vendor / Product
Kingfund Finance

Timeline

  1. 2022-01-19 Breach occurred
  2. 2022-01-19 Publicly disclosed