Cryptocurrency
[loss] $442,000
Tweet by CertiK Alert
Primary Source ↗Financial Loss
$442,000
(442,000 USD)
Blockchain(s)
Bsc
Incident Details
Who could have predicted that the shitcoin named after one of Elon Musk’s 16-year-old sons could turn out to be a scam? Well, besides the people who fell for previous rug pulls of tokens based on the Musk family, such as Baby Elon coin in June or the Baby Musk Coin in February…The project developer suddenly sold off their share of the coin for around 1355 WBNB (~$442,000), sending the coin price plummeting by more than 68% as a result.
Total loss estimated at $442,000.
Technical Details
- Initial Attack Vector
- Exit scam / rug pull
- Vendor / Product
- "Saxon James Musk" coin
Timeline
- 2022-08-07 Breach occurred
- 2022-08-07 Publicly disclosed