MangoFarmSOL Exit Scam

MangoFarmSOL conducted an exit scam in early January 2024 that withdrew ~13.5K SOL (~$1.26–$1.32M) from its contract and used a fake “EmergencyMigration” frontend to drain an additional ~ $60K from users. Stolen funds were swapped to USDC, bridged to Ethereum (via Wormhole and Allbridge), converted to ETH and laundered through Railgun, eXch and FixedFloat; the report provides transaction details and wallet addresses (e.g., 8ggvi..., 4nBETJ, 0x7caa...) and emphasizes the need for stronger project vetting and KYC.