A series of DeFi hacks, scams, and tricks continue as some of the industry developers decide to quit. Boat after the first signs of correction in the market. This time, a total of $ 3.8 million in user funds was stolen.
The first most significant rugby appeared just hours before press time with security firm PeckShield reporting a Metadao rugby with the theft of 800 ETH.
The tweet was followed by the address page etherscan link that has multiple transactions in the TornadoCash fund mixer. This is considered illegal in many countries as it is often used for money laundering and other illegal activities.
#RugPull PeckShield has detected that @METADAO robust, the stolen funds (800 Ether) are transferred to @TornadoCash (#Ethereum). DO NOT PARTICIPATE in this contract and if you have approved it, REVOKEhttps://t.co/82FREIL8Fu
– PeckShieldAlert (@PeckShieldAlert) December 27, 2021
The address has already been marked as the rugpull “Metadao” address. It currently has 46 Ethereum coins. The last 75 Ethereum were transferred to the address just two hours ago. Previously, the wallet made more than 50 transactions with a total of 180 transactions.
Currently, the funds remain in the Tornadocash coin mixer, which means that tracking of user funds is most likely impossible. The funds will likely be declared lost.
In addition to the previously stolen Ethereum, another Binance Smart Chain-based protocol has defrauded its users by stealing approximately 1,100 BSC. While the value of the stolen funds remains relatively low compared to the $ 3.2 million stolen, users have already raised concerns about the overall security of the network and the industry.
#RugPull PeckShield has detected that @MetaSwapMGAS Soft-rugged, the stolen funds (1,100 BNB) are transferred to @TornadoCash (#BSC). DO NOT PARTICIPATE in this contract and if you have approved it, REVOKE https://t.co/b7sSsMz3ZE
– PeckShield Inc. (@peckshield) December 27, 2021
Some people accused the Binance Network of “pushing” projects that were initially created to scam its users. The indictment was based on the fact that during the DeFi and NFT craze in the cryptocurrency market, a large portion of scam-related tokens, projects, coins, and DAOs were created on the Solana or Binance network.