Risk On Blast Incident Analysis

RiskOnBlast conducted an exit scam after its uncapped IDO was capped at 420 ETH on 22–24 Feb, with the presale contract's withdraw() called to move 420.50 ETH (~$1.3M) into WETH/DAI and then launder the proceeds through exchanges (MEXC, ByBit, Binance), bridges (ThorChain, Rango, deBridge) and mixing services (Railgun, ChangeNow), while deleting its social accounts and website; the report provides contract/wallet identifiers and a breakdown of stolen fund flows.