Cryptocurrency [loss] $4M+

Tweet by PeckShieldAlert

2022-05-27 [vendor] PokeMoney [chain] bsc
Primary Source ↗
Financial Loss $3.5M (3,500,000 USD)
Blockchain(s) Bsc

Incident Details

The token associated with yet another crypto Pokémon rip-off, PokeMoney, suddenly crashed in price when around 11,800 BNB ($3.5 million) worth of it was pulled out of the project. The incident appeared to be a rug pull.The project creators claimed it was a hack, and stuck around to try to keep the hope alive. They claimed on Telegram that for some reason they couldn’t access the project Twitter account, and so couldn’t inform their community of the hack. They also began rallying their community around hopes for a project relaunch. Meanwhile, they announced a “CHAT MUTE UNTIL TOMORROW TO AVOID FUD” — as any reputable, not-rug-pulled project would do, I’m sure.

Total loss estimated at $3,500,000.

Technical Details

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

Timeline

  1. 2022-05-27 Breach occurred
  2. 2022-05-27 Publicly disclosed