Jul 2024 - Linking The World (LW) Transfer Logic Issue - $80k (Global)
Linking The World (LW) is a smart contract on the Binance Smart Chain. The contract was launched on July 7th. It's unclear who is behind the smart contract or how it was promoted.
The contract has been considered to be a RugPull or HoneyPot.
"This Token Contract is a SCAM The Warden system based on data from 1.000.000+ SmartContract, this contract has 95% to be a RugPull or HoneyPot!"
"detected an attack on $LW on BNB Smart Chain, with a potential loss of $7,251 From the transaction point of view, attacker transfer multi-times $LW token , seems there is problem in transfer logic."
"losing approximately $80,000." - SlowMist
"lost ～$70K." - ChainAegis
"a potential loss of $7,251 From the transaction point of view" - ExVul
"This Token Contract is a SCAM The Warden system based on data from 1.000.000+ SmartContract, this contract has 95% to be a RugPull or HoneyPot!"
"According to monitoring by the SlowMist security team, Linking The World (LW) was attacked on BNBChain due to a contract vulnerability, losing approximately $80,000."
"The $LW contract on #BNBChain was attacked, lost ～$70K."
"detected an attack on $LW on BNB Smart Chain, with a potential loss of $7,251 From the transaction point of view, attacker transfer multi-times $LW token , seems there is problem in transfer logic."
Potential relaunch of token: https://top100token.com/address/0xe1573d84ad11216a63820711ac644ab0c2838a4b
Further Analysis
Linking The World (LW) is a smart contract on the Binance Smart Chain. The contract was launched on July 7th, and shortly thereafter a breach enabled all of the liquidity to be taken from the smart contract. The incident was reported by SlowMist, ExVul, and ChainAegis. It's unclear who is behind the smart contract. Another contract with the same name was launched on July 11th, and it's unclear if the two contracts are related or not.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Doja Cat Twitter Account Compromise > > < < Interlay Official Twitter Account Compromised
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (Dec 31)
@SlowMist_Team Twitter (Dec 31)
0x96a955304fed48a8fb | Phalcon Explorer (Dec 31)
BNB Smart Chain Transaction Hash (Txhash) Details | BscScan
(Dec 31)
@ChainAegis Twitter (Dec 31)
@EXVULSEC Twitter (Dec 31)
Linking The World (LW) contract is 0xabc6e5a63689b8542dbdc4b4f39a7e00d4ac30c8 on BSC | Top100Token (Dec 31)
BNB Smart Chain Transaction Hash (Txhash) Details | BscScan
(Dec 31)
Linking The World Defi (LWDEFI) contract is 0xe1573d84ad11216a63820711ac644ab0c2838a4b on BSC | Top100Token (Dec 31)
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