Jul 2024 - MintRisesPrices (WMRP) Reentrancy Price Manipulation Attack - $59k (Global)
"A crypto wealth protocol that only goes up and never goes down!"
"The MRP casting phase has ended, and a fixed quantity MRP contract has been deployed!
Please ensure all users transfer their MRP assets to the new contract address for mapping before 2024-07-04 24:00:00. Additionally, addresses where casting has not yet ended should also transfer to the new contract address once; if there are no MRP assets yet, you can transfer 0 MRP for mapping. Please inform other users and the community. Thank you!"
New Contract Address: 0xF114A2d1521eF04F81930b7E03C2e438aD89C375
Further Analysis
MintRisesPrices is a cryptocurrency wealth protocol, with a token which is designed to go up in price and not down, which appears to have targeted the Chinese cryptocurrency investment market with space-themed promotions. There is controversy as to whether or not this constitutes a honeypot, as this is presumably accomplished by preventing selling of the tokens. This protocol was attacked through a re-entrancy attack and the attacker managed to get away with $59,000. The protocol appears to have relaunched in a new smart contract.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Sydney Sweeney Twitter SWEENEY Launch Hack > > < < TRUMP (MAGA) Fake Token Rug Pull
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (Dec 31)
@SlowMist_Team Twitter (Dec 31)
BNB Chain Address 0xa0ba...5700a3 | Blockchain Explorer | OKLink (Dec 31)
@MintRisesPrices Twitter (Dec 31)
@MintRisesPrices Twitter (Dec 31)
@MintRisesPrices Twitter (Dec 31)
@ChainAegis Twitter (Dec 31)
x.com (Dec 31)
 t.me/QuadrigaInitiative
|
 /r/QuadrigaInitiative
|
 @QuadrigaInit
|
 info@quadrigainitiative.com
|