Slippery Rug: The Uncontrolled Launch of Smashcash
ID: 4d303f48-c844-50f4-a9d1-d0c94e280ab8
STIX ID: report--4d303f48-c844-50f4-a9d1-d0c94e280ab8
Feed Name: CertiK Blog
Threat Score
Smashcash, an ERC-20 token deployed on Binance Smart Chain, is reported to have a malicious initial token distribution that concentrated ownership in project-controlled wallets; on Feb 13, 2023 those wallets sold tokens and extracted ~45.6 BNB, consistent with a rug pull enabled by unrestricted initial allocations.
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