Blockchain security firm PeckShield alerted investors to a possible rug pull after identifying a massive 46.99% price drop for MetaSwap’s MGAS token. The MetaSwap protocol allows exchanging non-fungible tokens (NFTs) on the blockchains, Binance, and Polygon.
Following the unexpected price drop, all official accounts linked to Metaswap Gas (including Twitter (NYSE :), Instagram and Medium) were removed, supporting PeckShield’s claim that it was a slap on the wrist.
#RugPull PeckShield has detected that @MetaSwapMGAS soft-rugged, the stolen funds (1,100 BNB) are transfered to @TornadoCash (#BSC). DO NOT STAKE in this contract and if you’ve approved it, REVOKE https://t.co/b7sSsMz3ZE
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