Cryptocurrency [loss] $760,000

"Mercenary Gold NFT Project Rugpull: Drains out More Than $760k"

2022-01-26 [vendor] Mercenary [chain] bsc
Primary Source ↗
Financial Loss $760,000 (760,000 USD)
Blockchain(s) Bsc

Incident Details

Mercenary was a short-lived play-to-earn game that promised “innovative tokenomics, to ensure the stability and longevity of the game’s economy”. The project had invested heavily in advertising on Twitter and in cryptocurrency outlets like BSC News to attract new players. It launched only a week before the developers rug-pulled on January 27, draining more than $760,000 and deleting the project’s website and social media.

Total loss estimated at $760,000.

Technical Details

Initial Attack Vector
Exit scam / rug pull
Vendor / Product
Mercenary

Timeline

  1. 2022-01-26 Breach occurred
  2. 2022-01-26 Publicly disclosed