Cryptocurrency [loss] $4M+

Tweet thread by Beosin Alert

2023-07-18 [vendor] GMETA [chain] bsc
Primary Source ↗
Financial Loss $3.6M (3,600,000 USD)
Blockchain(s) Bsc

Incident Details

The GMETA project on BNB Chain saw its price plummet to near zero as the project creators drained the funds from the project. The contract creator was able to transfer large amounts of the token and swap them for the Tether stablecoin, cashing out a total of around $3.6 million.

Total loss estimated at $3,600,000.

Technical Details

Vendor / Product
GMETA

Timeline

  1. 2023-07-18 Breach occurred
  2. 2023-07-18 Publicly disclosed