Jan 2021 - SharkYield Exit Scam - $269k (Global)
"SharkYield is a new Yield Farming & Vault project on Binance Smart Chain." On the "SharkYield Farm on Binance Smart Chain", you can "STAKE PANCAKESWAP LP TOKENS" and "EARN FRESH YIELD 24/7."
The token reached "[a]ll Time High [on] 30 Jan, 2021." "SharkYield had an all-time high of $0.946771."
"Popcornswap, SharkYield, Zap Finance, Tin Finance, Multi Financial - be careful, exit scams." "In a few days, three projects (Zap Finance and Tin Finance, SharkYield) ran away. The current SharkYield ran away is suspected to have taken away 6000 BNB."
Further Analysis
SharkYield was another yield farming platform which ended up disappearing after using the smart contract to remove 6,000 BNB. Investors did not get any recovery.
How Could This Have Been Prevented?
SharkYield was run by an anonymous individual, and likely a single person of unknown background. The funds were not stored offline, nor in a multi-signature arrangement.
More Cryptocurrency Exchange Hacks/Scams/Frauds
Multi Financial Exit Scam > > < < Armor Finance Withdrawal Bug
Sources/Further Reading
Popcornswap, SharkYield, Zap Finance, Tin Finance, Multi Financial — осторожно (Jul 10)
SharkYield SHARK price chart online. SHARK market cap, volume and other live and historical cryptocurrency market data. SharkYield forecast for 2021 | COINCOST (Aug 13)
SharkYield SHARK: Price, News, Events, Charts, Exchanges (Aug 14)
@sharkyield Twitter (Aug 14)
SharkYield (Aug 14)
Contract Address 0x8a8350f957e00692388c033467ed204d624ee0b4 | BscScan (Aug 14)
Contract Address 0xa0f5636da9a0bcf95fee99a1dbad28ec6301dabe | BscScan (Aug 14)
$SHARK - SharkYield Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics (Aug 14)
SlowMist Hacked - SlowMist Zone (May 18)
BNB USD Binance Historical Data - Investing.com Canada (Aug 14)
Worldwide crypto & NFT rug pulls and scams tracker - Comparitech (Dec 31)
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