PeckShield Spots 46.99% Decline of MGAS Token, Cautions Possible Rug Pull -Breaking
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After it identified MetaSwap’s MGAS token price drop to 46.99%, PeckShield has warned investors and crypto apes about a possible rug pull.
Hurriedly, PeckShield expects MGAS token’s rug pull event to occur soon. Due to the MGAS price decline incident, all Metaswap Gas social media profiles including Twitter, Instagram and Medium were deleted.
It seems like this is a major disaster for MetaSwap’s network. Additionally, this calamity seemingly confirms PeckShield’s rug pull claims. Over 1,100 BNB tokens were transferred to Tornado Cash via the incident.
Due to the nature and amount of the transfer, it is difficult to track the funds stolen. PeckShield recommends that traders and investors stop taking on Metaswap Gas. To avoid any further losses, PeckShield advises everyone to cancel all existing contracts.
#RugPull PeckShield discovered that @MetaSwapMGAS had soft-rugged. The stolen funds (1.100 BNB), were transferred to @TornadoCash. DO NOT STAKE in this contract and if you’ve approved it, REVOKE https://t.co/b7sSsMz3ZE
— PeckShield Inc. (@peckshield) December 27, 2021
Similarly, lots of crypto firms became victims of hackers’ misdeeds this year that resulted in a cumulative loss of over $600 million. Bent Finance demanded that its investors withdraw their money due to the platform exploit.
We suggest that you stop using the protocol for now. This is not a destination and we will come back from it.
Other heavyweights, such as BitMart and Grim Finance were also affected by this exploit.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
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