Cryptocurrency [loss] $178,994

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2022-06-08 [vendor] Baby Elon coin [chain] bsc
Primary Source ↗
Financial Loss $178,994 (178,994 USD)
Blockchain(s) Bsc

Incident Details

The Baby Elon project on BNBChain rug pulled on June 8, with the token price plummeting 98% as the team withdrew 623 BNB (~$179,000) from the project. They quickly moved the funds to the Tornado Cash cryptocurrency tumbler.The Baby Elon token is of course not to be confused with Baby Musk, a different BNB Chain-based, baby Elon Musk-themed memecoin that rug pulled in February after a $2 million ICO.

Total loss estimated at $178,994.

Technical Details

Initial Attack Vector
Exit scam / rug pull
Vendor / Product
Baby Elon coin

Timeline

  1. 2022-06-08 Breach occurred
  2. 2022-06-08 Publicly disclosed