GOLD MINE FINANCE

DESCRIPTION OF EVENTS

"New Tomb fork on FTM." "No docs. Farms to earn the shares token & Boardroom for bonding token launches today. There is no information on the supply of the shares token, epoch length, expansion rate, etc. GoldMine is the algostable, pegged to the price of USDC. No information on the name of the Shares and Bonding token." "No website yet, I’m linking you to their Twitter."

"Do NOT stake in Gold Mine Finance on #Fantom."

"The genesis launched 17 minutes ago, verified 15 minutes ago contains a clever hard rug that WILL BE PULLED."

"$800k already staked and likely will be lost."

"[W]hen adjusting the pool reward weights, the poolEndTimes are shifted. However, they are shifted 2 months in the past because the clever rugger used PoolStartTime within the first endTime." "Within the common recovery method, which can usually only be used to take out tokens when genesis has long ended, the recovery can occur 30 days after."

"Within minutes of our previous announcement, $700k of TVL monitoring rugdoc closely was able to get out! That's CRAZY." "Final Hard Rug Tally: 22688 DAI, 16893 FTM, 3153.2 TOMB, 14522 USDC Total ~$74,800 USD Over 91% were able to escape before they stole everything."

"Rugdoc.io tweeted that the Fantom ecological project Gold Mine Finance has rug pull."

"February 18 update – RugDoc reported the genesis pools contain hard rug code. Their Twitter was deleted."

Explore This Case Further On Our Wiki

Gold Mine Finance was a new protocol on the Fantom blockchain, a fork of Tomb Finance. There were no documents or website for the fork. It was promoted solely on Twitter and some listing sites. The smart contract hot wallet had a clever vulnerability present to enable the removal of liquidity. Although $800k of liquidity was originally present in the protocol, $700k was removed after RugDoc announced the vulnerability. The end losses were just $68k.

SlowMist Hacked - SlowMist Zone (Jun 26)
Gold Mine Finance (GoldMine) Token Tracker | FtmScan (Mar 10)
Gold Mine Finance Full Protocol Launch - Ape O'Clock (Mar 10)
Gold Mine Finance Genesis Pools Launch - Ape O'Clock (Mar 10)
Worlds Largest Nft Marketplace Opensea Hacked Users Lost Nfts (Mar 10)
@RugDocIO Twitter (Mar 10)
https://blog.insurace.io/security-incidents-in-february-9ba66f4bd0a3 (Mar 10)
Fantom Transaction Hash (Txhash) Details | FtmScan (Mar 10)
Contract Address 0x5994bb7e06797b9d75b94915dd04e78ab7c4b2c4 | FtmScan (Mar 10)
@RugDocIO Twitter (Mar 10)
Address 0xe0e02e88adb4d4eaa5cb2952842cd3c76571831a | FtmScan (Mar 10)
Worldwide crypto & NFT rug pulls and scams tracker - Comparitech (Dec 15)

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