Jan 2021 - ReFi Finance Runs Away - $144k (Global)
"Reports of refi.finance exit scamming by calling a superuser function to change treasury boardroom implementation to steal 2600 BAS ($144K)."
"Weibo user “CryptoBlanker” broke the news: the refi.finance project party directly used the reserved setBoardroom() function to change the Boardroom address to the address it deployed. Light BAS was taken away 2,600, worth 111 ETH (about 144,000 US dollars)."
"He mentioned the project in his previous Weibo: refi.finance can use the share of three algorithmic stable coins to mine. The project needs to call the exitBoradRoom() function to end mining after each phase (every 6 hours) ends, and then call depositBoradRoom() to start the next round of mining. Only in the interval between the above two operations, users can access their own shares. That is to say, if the owner does not want to maintain the project one day, no one can retrieve their own shares."
Further Analysis
ReFi Finance appears to have fully disappeared with user's funds. It's not clear what the contract originally did.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Ethereum Yield ETHY Goes Offline > > < < Tin Finance Exit Scam
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (May 18)
refi.finance跑路，抽走超2600个BAS_快讯_鸵鸟区块链 (Jul 18)
refi.finance跑路 抽走超2600个BAS - CN币网 (Jul 18)
REFIBASFarm | 0x55937808414b760d802f5B0d6A806Db4BB8C529a (Jul 18)
Exit Scam: refi.finance Withdraws 2,600 BAS | CoinNess (Jul 18)
No Title (Jul 18)
哔哔News 人人都能看懂的区块链资讯 (Jul 18)
Worldwide crypto & NFT rug pulls and scams tracker - Comparitech (Dec 31)
 t.me/QuadrigaInitiative
|
 /r/QuadrigaInitiative
|
 @QuadrigaInit
|
 info@quadrigainitiative.com
|